scorecardresearch
Follow Us:
Wednesday, June 29, 2022

Xiaomi aims to double smart home device sales this year to $1.54 bn

Xiaomi aims to double sales of smart home technology devices like rice cookers and air purifiers this year

By: Reuters | Beijing |
Updated: April 28, 2016 12:00:53 pm
Xiaomi, Xiaomi smartphones, Xiaomi smart home devices, Xiaomi smart rice cooker, Xiaomi smart home devices, Xiaomi IoT devices, tech news, technology Xiaomi aims to double sales of smart home technology devices like rice cookers and air purifiers this year (Source: Xiaomi)

Chinese smartphone maker Xiaomi Inc aims to double sales of smart home technology devices like rice cookers and air purifiers this year, the company’s vice president said on Thursday, as it accelerates diversification of business lines to cope with the saturation of smartphones at home and abroad.

Xiaomi expects sales of smart home devices to reach 10 billion yuan ($1.54 billion) this year, up from 5 billion yuan a year ago, said the company’s vice president Liu De, speaking to reporters at the Global Mobile Internet Conference in Beijing.

Also Read: Xiaomi announces Mi Ecosystem sub-brand

Liu also said the company, previously known for its online-focus sales model, plans to raise the number of its bricks-and-mortar retail stores in China to 60.

Best of Express Premium
UPSC Key-June 28, 2022: Why to read ‘Hurting religious Sentiments’ or ‘In...Premium
Did NCP hold Uddhav hand, stop resignation, give him false hope?Premium
Record $82 billion dealmaking spree sees India defy global slumpPremium
How Rampur, Azamgarh were won: Behind BJP chipping away of SP votesPremium

Xiaomi was ranked fifth in global smartphone shipment in the first quarter of 2016, according to research firm TrendForce.

Watch all our video reviews

Express Subscription Do not hit the wall, subscribe for the best coverage out of India starting at just $5 per month

📣 Join our Telegram channel (The Indian Express) for the latest news and updates

For all the latest Technology News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
Advertisement
Advertisement
Advertisement
Advertisement