Xiaomi tops Chinese smartphone market, despite sales miss

January 15, 2016 4:06 PM

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Xiaomi tops Chinese smartphone market, despite sales miss

The good news: The Chinese electronics maker sold 70 million smartphones last year and snagged the biggest slice of domestic market share. The bad news: Xiaomi was 30 million phones short of the 100 million target its CEO Lei Jun had set.

Jun initially set the 100 million goal in 2014, but later lowered his forecast to 80 million. The company released the new figures Friday.

Also read: Nokia ready for smartphone comeback in 2017

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