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On the occasion of the opening of the new Mi Store in Shenzen, China on sunday Lei Jun's CEO of Xiaomi spokes about the present and future of the company. At the event Xiaomi CEO Lei Jun who held a press conference in Beijing said that Xiaomi has already completed the Achievement of 70 Million Smartphones which was set at the start of the current year. Xiaomi managed to ship 10 Million smartphones both in September and October which helped Xiaomi to achieve the target with in 10 months, seeing the rapid pace in monthly shipments Xiaomi has revised its shipments target to 90 million Smartphones by the end of 2017.
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Xiaomi smartphone shipments until the end of 2017 will be the highest number for the company as November and December still on and with the double 11 (11/11) event that will arrive this weekend where the Xioami has provided huge discounts for the products it will be easy for Xiaomi to reach 90 million smartphone shipments even it can go more than 90 Millions and offcourse the figure will be Xiaomi's highest record in terms of smartphone shipments.
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Xioami has also completed its target of 100-billion-yuan sales for 2017. According to lates survey by IDC Xiaomi is holding the fifth position in the worldwide smartphone rankings for Q3 2017 and it shipped 27.6 million units of smartphnes during the Q3 which allowed the company to achieve a year-over-year growth of up to 102.6 percent. The market share of the company has also increased from 3.7 percent in Q3 2016 to 7.4 percent in Q3 2017.
At the event Lei Jun said that Expectations for 2018 are so many and and the target will be to shipp more than 100 Million Smartphones and Xiaomi aimd to enter Fortune Global 500 Enterprise Company in 2018. Xiaomi seems to have geared the right gear and entering the prestigious Fortune rankings would be the classic icing on the cake.