Business

Xiaomi Manages To Sell 2 Million Smartphones in 12 Hours: Creates Guinness World Record

Xiaomi Manages To Sell 2 Million Smartphones in 12 Hours: Creates Guinness World Record

Xiaomi Manages To Sell 2 Million Smartphones in 12 Hours: Creates Guinness World Record 

Chinese smartphone maker Xiaomi has become adept in making and breaking records. But now the company has no one to follow and breaks records that have been set by one other than it.

Now the company has established selling the maximum number of handsets in just 12 hours’ time.

The company said that it was able to sell 2.11 million handsets in just 12 hours’ time. This is a Guinness World Record for mobile phone sales and coincides with its fifth anniversary.

Many companies sell these many handsets in an entire year. The half-day bonanza, which brought in 2.08 billion yuan (USD 335 million) from sales of handsets and other accessories broke the previous record held by Alibaba’s Tmall, which sold 1.89 million handsets on Singles’ Day in November during a 24-hour event.xiaomi mi note cherry pink

It is needless to say that company bosses are super excited. “Good news: Xiaomi just set a new Guinness World Record, selling 2.11 million mobile phones in 24 hours,” chief executive Lei Jun posted on Sina Weibo – the Chinese equivalent of Twitter – shortly after the event. “This is beyond my imagination,” the Hong Kong-based South China Morning Post quoted Lei as telling reporters at the company’s headquarters here.

The new record has been certified by the official Guinness World Records and examined by auditor PricewaterhouseCoopers, he said. Xiaomi easily broke their record from the same event last year, which saw them selling 1.3 million smartphones. Mobile phones and other accessories sold during the 12- hour event were discounted from Xiaomi’s already famously low prices. Lei said the company was focussed on making smartphones, televisions, routers and other products sold on its website.

The company has defied the logic in its explosive growth. In 2014, Xiaomi sold 61 million smartphones and had revenue of 74.3 billion yuan, becoming the world’s number three smartphone player and China’s top smartphone brand, overtaking Apple and Samsung. The company was valued at USD 45 billion in a December funding round that drew investors ranging from Singapore’s sovereign wealth fund to a private capital firm backed by Alibaba Group co-founder Jack Ma.

More in Business