Chinese handset maker Xiaomi said it more than doubled its revenue in 2014, just a week after it was named the worlds most valuable tech start-up. The firm said it made 74.3bn yuan (£7.8bn; $11.97bn) in pre-tax sales last year, up 135% from 2013. Now the worlds third largest smartphone maker behind Samsung and Apple, it sold over 61 million phones last year, up 227% from a year earlier. Last week, Xiaomi received $1.1bn in funding that valued the firm at $45bn. That figure surpasses the $40bn value of taxi booking app Uber, which previously held the title of the most valuable private technology company. The firm also surpassed its target of selling 60 million phones in 2014, up from less than 20 million a year earlier. Looking forward, the company said it planned to unveil a new flagship device in January.
Posted on: Mon, 05 Jan 2015 02:59:44 +0000
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