Xiaomi Expects Sales to Top $16 Billion This Year

Five years after launching, Xiaomi is posting the kind of revenue numbers that would make many public companies jealous. Xiaomi, a Chinese smartphone manufacturer, expects revenue to top 100 billion yuan (or $16 billion) for 2015, A rep for Xiaomi did not immediately respond to our request for comment. That would represent at least 30% revenue growth from the previous year, when Xiaomi sales hit 74.3 billion yuan (or about $12 billion).