Executive Education

Chinese Smartphone Maker Xiaomi Says It Sold 10 Million Mi-2 smartphones

As long anticipated, Chinese smartphone maker Xiaomi revealed via Twitter that the startup phone-maker has sold 10 million of its flagship smartphone Android-based Mi-2, and its variants Mi-2S and Mi-2A, in the past 11 months.

China’s hottest homegrown smartphone “Xiaomi Mi2” first went on sale last October.

To refresh your memory, the Xiaomi Mi2 smartphone will soon be replaced in mid-October by the Mi-3, which was launched early this month.

The Xiaomi Mi3 will have a 5-inch screen, which is larger than the Mi2’s 4.3-inch one. The screen is full 1080p HD this time.
Xiaomi Mi3 specifications:

Dimension: 144mm height x 73.6mm width x 8.1mm thin
Screen size: 5-inch
Resolution: 1920 x 1080 pixels. So that’s 441 PPI.
Weight: 145g (heavier than previous model)
Operating system: MIUI V5 skin on top of Android 4.2
CPU: Quad-core 1.8GHz NVIDIA Tegra 4 or 2.3GHz Snapdragon 800
GPU: NVIDIA GeForce (for TD-SCDMA version) or Adreno 330 (for WCDMA version)
Storage: 16GB / 64GB
Battery: 3050mAh
Others: NFC enabled. Accessories now include a folding case. Supports 5G wi-fi protocol and 2.4G system
Price and availability: The new Mi3 will ship in October and will cost RMB 1,999 ($325) for the 16GB model and RMB 2,499 ($405) for the 64GB version.

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In the first six months of 2013, Xiaomi, the company who made the Hongmi smartphone, sold more than 7 million smartphones and booked $2.15 billion in revenue. The Chinese company raised a $216 million funding round last year and was valued at roughly $4 billion.

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Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is chief executive and editorial director of The CEOWORLD magazine, overseeing the organization’s news and features departments.

Under Dr. Amarendra's leadership, The CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders every day.

Dr. Amarendra holds a Ph.D. in Finance and Banking from the European Global School in France; a Doctoral Degree in Chartered Accountancy from the European International University Paris; and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine.

He earned his Master of Business Administration degree in Finance and his Master's Degree In Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States. Prof. Dr. Amarendra Bhushan Dhiraj is a macro-economist and visiting professor at Kyiv National University of Technologies and Design (KNUTD), Ukraine.

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