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Xiaomi plans to expand smartphone business to 10 new countries

Apr 24 2014, 4:37am CDT | by , in News | Mobile Phones

Xiaomi plans to expand smartphone business to 10 new countries
Photo Credits: xiaomi
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Their phones are currently the top sellers in China and have rated ahead of Apple

In its four years of existance, the Xiaomi Corp. has been the best selling phone in China. So much so that it has been outselling the iPhone. And now the phone manufacturer is planning to expand into 10 other countries as part of its plan for international expansion. The company's phones will be available in ndia, Brazil and Russia as stated by the CEO of the company at a latest press conference in Beijing.

Xiaomi Corp. is not only focussing on the mobile phones division but is also expanding its already existing portfolio of consumer electronics products which include smartphones, televisions and routers and is also looking forward to expand across nations and cater to a wider audience. Following the press conference, president and co-founder Bin Lin stated that “You can certainly call this an acceleration. It’s our mission and our belief that this model should be able to achieve some level of success outside of China.”

Over this short span of time, the company has managed to get 7 percent of the smartphone market in China in the fourth quarter and it has managed to rank ahead of Apple which is quite surprising. Two new router products have also been revealed at the conference; one of these will sell for 699 yuan and can control household appliances as well a stripped down version for 129 yuan. The company's set-top TV Box is also getting an update.

source: bloomberg

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