80% of Xiaomi's revenue in India comes from mobile phone sales!

As stated by the head of the company, the smartphone is its main revenue stream Xiaomi in India, with 80%.

Αn and knows quite a bit of success from the sales of TVs and wearables. According to IDC, Xiaomi holds 33.5% of the smart TV market, which puts it ahead of its South Korean competitors.

Realizing that mobile phones are the number one product in revenue, he forced the Chinese company to invest in a retail store. "Our goal is to increase retail revenue to 50% from the current 30%"said Raghu Reddy, head of online sales at Xiaomi India, on the sidelines of the Redmi Y3 and Redmi 7 launch event.

There is a belief that with the stores, they will be able to get close to the buying public and promote products outside of mobile phones. Xiaomi expects to reach 10000 contact points by the end of 2019. It will add another type of store, the Mi Studio. Reddy stressed that the products are made with the mind of the consumer in this country.

Meanwhile, the smart LED lamp, Mi Smart, will go on sale on Friday, through the crowdfunding model, from the company's website. This way according to the managers is a way of measuring the interest of the buyers. So if there is enough interest, production will start on a larger scale.

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