Xiaomi sells over 2 million smartphones in a 'fan festival' sale to celebrate its 5th birthday

The company staged a "fan festival" in seven Asian countries, managing to clock 2.04 million smartphones and revenue of RMB 2.08 billion ($335 million). The festivals were held in celebration of Xiaomi turning five. As well as the millions of smartphones sold to consumers, Xiaomi also moved more than 38,000 Mi TVs and 770,000 smart appliances.

Mi Festival 2015

The sales were held in India, Indonesia and Malaysia for the first time this year, boosting sales and connecting to consumers on a larger scale. The company managed to sell more than 60 million smartphones worldwide last year, but we imagine Xiaomi has even higher expectations for 2015.

Source: TechCrunch

Rich Edmonds