70% increase in smartphone sales in second quarter:Xiaomi

BEIJING,July 7:Tech major Xiaomi on Friday announced that it has shipped 23.16 million smartphones in the second quarter of 2017.
This comes after a period of continuous investment in technology, integrating sales across the online and offline platforms and increased growth in global markets especially in India.
This achievement signifies a major inflection point in our growth -- after two yearsof internal recalibration, Xiaomi is once again embarking on a rapid growth trajectory," Jun said at the company's smartphone all-hands meeting on Friday.
Xiaomi set to achieve a revenue goal of 100 billion yuan for the year.
The founder announce a new goal he has set for Xiaomi -- to sell 100 million smartphones in 2018.
"A new chapter for Xiaomi has just begun,and so many possibilities lie ahead of us. Our future is as vast as the constellations and beyond," added Jun in a company statement.