Xiaomi triples smartphone shipments in 2014 to 61.1 million units

Lei Jun, founder and CEO of upstart smartphone manufacturer Xiaomi, announced on Sunday that it shipped 61.1 million handsets in 2014. That is a remarkable increase from the 18.7 million units that the company shipped the previous year. On a percentage basis, that works out to a whopping 326% year-over-year increase. In terms of revenue, the company brought in $11.97 billion which more than doubled 2013's revenue. Profits were not revealed.



The executive said that other manufacturers are now starting to copy Xiaomi's strategies. More companies are now looking to make quick, low-priced sales ...