Xiaomi India generates 80% revenue from Smartphone Sales
Smatphones continue to be Xiaomi India's major revenue churner clocking over 80 per cent of the topline in spite of it tasting success in other segments like smart TVs and fitness wearables, a company official said.
The company, quoting the latest IDC data, claimed its market share in smart TVs stand at 33.5 per cent, making the Chinese smartphone major the leading player in the segment in India, surpassing its Korean rivals.
"Revenue from smartphones is more than 80 per cent for us in India," the official said to Pixr8 News.
Realising that smartphones will remain its mainstay business in India, the company has decided to expand its offline presence in a big way, the official said.
"We are aiming to increase our share of offline revenue to 50 per cent from about 30 per cent now...