Xiaomi has sold only 6 million units in Q1 2016, disappointing result

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Xiaomi is one of the fastest growing smartphone vendor specially in China. They made huge sales last year but since Q4 of 2015, they see a decline in the market. The smartphone sale dropped a lot last year, and now again Xiaomi is experiencing a downgrade in their sales.

Xiaomi smartwatch, Xiaomi

According to the report, they have sold only 6 million units in Q1 of 2016 which is very low for Xiaomi. Xiaomi President Lin Bin said that the sale dropped due to high-end smartphones and supply chain. After the release of Mi5 there was a severe shortage of Qualcomm chipset and due to that Xiaomi has completed only 30% of the demand of Mi5. Based on the market supply and demand ratio Xiaomi has around 8 million units gap in Q1 and that clearly shows why the company suffered a lot.

Lin Bin also said “There will be one to two high-performance, high-end phones disruptive product launch. Among them, in July will push a high-end, high-priced, unique new products.”

According to the rumors, it is expected that Xiaomi is going to launch their Notebook and Mi Edge smartphone. For a curved display smartphone, they are going to take screen panels from Samsung or LG. The display of the devices will be either 5.5-inch or 5.7-inch.