Xiaomi sold 18.7 million smartphones in 2013

Occasionaly we report something like "Xiaomi sells X hundred thousand smartphones in Y minutes" but it turns out the young smartphone vendor did excellently for the whole year too. CEO Lei Jun posted on Sina Weibo that sales are up a whopping 160% in terms of units compared to 2012.

Those numbers translate to 7.2 million units sold in 2012 and 18.7 million units sold in 2013. That's more than the company's own 15 million units forecast. December alone saw 3.2 million Xiaomi smartphones fly off the shelves.

The cash Xiaomi raked in is up accordingly – 150% up from last year for a total of CNY 31.6 billion (5.2 billion USD). Lei Jun did not reveal net profits but posted a bullish estimate for 2014 - the CEO expects 40 million Xiamoi smartphones to be sold.

In an Apple-like fashion, Xiaomi announced very few devices, just four. They were often met with huge demand in the company's home country. Xiaomi is slowly expanding and opened a shop in Singapore to celebrate the New Year. That bit of news was broken by none other than Hugo Barra, former VP of Android at Google and current Vice President of Xiaomi.

Source (in Chinese) | Via