Xiaomi sold 34.7 million smartphones in H1, 2015, records 33% year-on-year growth!

| Updated: Wednesday, October 28, 2015, 12:37 [IST]

Chinese smartphone maker, Xiaomi today announced that it had sold 34.7 million smartphones in the first half of 2015. The company took the social media way to make this announcement around it's product sales and growth rate.

Click Here For The Latest Smartphone Gallery

Xiaomi sold 34.7 million smartphone in first 6 months of 2015

Xiaomi also confirmed that due to the good sales figures, the company recorded a 33 percent year-on-year increase.

While the sales number seem quite impressive, it does not meet the rate at which Xiaomi's CEO Lei Jun estimated the company to perform. Earlier this year, Jun estimated that the company would be able to sell around 100 million smartphones in 2015, which is more than double the target set for the previous year. This mean that despite such a good performance in the first half of the year, the company will still need to put in more efforts in order to achieve the targets set for 2015.

For records, Xiaomi surpassed the set target for 2014, by selling 61 million handsets and generating $12 billion in revenues. For this year, Jun estimates to make $16-32 billion in revenue.

The company was valued at $45 billion in 2014, and had registered its name as the world's third largest exporter of phones in a research report released by IDC in 2014.

Xiaomi is now expanding business in international markets. The company is all geared up to start its operations in July 7, after it recently entered Brazil. The company already has set up stores in Europe and the US. The company earlier cleared that it planned to get in to other markets including Turkey, Mexico, Russia and other parts of Southeast Asia.