Economy, Sci & Tech

Xiaomi Sets Guinness World Record for Sales

Xiaomi Sets Guinness World Record for Sales Xiaomi Sets Guinness World Record for Sales

China’s rising mobile phone star Xiaomi today set a new world record  for mobile phone sales, selling 2.11 million new handsets in a 12-hour flash sale held as part of its fifth year anniversary. The half-day bonanza, which brought in 2.08 billion yuan ($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. “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 added. 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. 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.