There was interesting data about financial success of Xiaomi. The company said it will provide an revenue for the year. According to the report, the indicator will be 18%.
Earlier it was expected the amount in the range of $ 15 billion. Now Xiaomi is looking at 17 to 18 billion. Says it predicts a net profit of $1 000 000 000. Moreover, in 2018 the giant wants to improve the result by half. A great reason to get into the Fortune Global 500.
To achieve the above Xiaomi helped to restructure the business. More recently, the sale was only online, now built offline stores. A good contribution came from the markets of India, Indonesia, Vietnam, Russia and the United Arab Emirates.
Rumor has it that in 2018 will be held IPO. The Chinese manufacturer is estimated at $ 100 billion. However, to rest on their laurels once. According to IDC, Xiaomi is only a 4 place in China. Competitors Huawei, OPPO and Vivo are not asleep.