Xiaomi sales hit record high but miss ambitious target

Xiaomi has announced that it sold 34.7 million smartphones in the first half of 2015. Since it’s already July, though, it’s safe to say that the company will have to think of something exceptional to reach its target number for the year: CEO Lei Jun proclaimed long ago that he and his team aim to sell 100 million phones. Still, 34.7 million is quite impressive, seeing as it represents phones sold to customers and not devices “shipped” to retailers — not to mention, there’s been a shipment decline in China recently. It’s also still 33 percent more than what the company sold within the same period last year.

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