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Xiaomi announces $2.16 billion revenue in 1H 2013, beating the entire 2012

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Xiaomi announces $216 billion revenue

In a Chinese press release we just received, phone maker Xiaomi has just announced that it generated a revenue of CN¥13.27 billion or about $2.16 billion in the first half of 2013. This easily exceeds the company's CN¥12.6 billion or $2.05 billion revenue from the entirety of 2012, so things are already looking good ahead of the annual event on August 16th, when multiple products are expected to be launched -- including a TV that got leaked last month.

CEO Lei Jun said that this is partly thanks to the 7.03 million Xiaomi Phones his company sold within the same period, and the release also praised the popularity of the Xiaomi Box plus various other accessories, such as the new in-ear headphones launched recently. In addition to that, Xiaomi now has 20 million users from around the world as of end of June, 14.22 million of which come from mainland China, Hong Kong and Taiwan. The latter two became part of Xiaomi's larger scope in April this year, with Hong Kong using the classic online retail model, and Taiwan doing the same but also selling devices through a partnership with local carrier Far Eastone.

Despite the surprising good announcements, Lei reminds his team at today's celebration party to "forget about the results, they're not the most important," and that "only making products that make users scream can bring in long-term value." The real challenge now is to tap into the more exotic markets, and Xiaomi has previously expressed great interest in Europe. Good luck with that, Lei!

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Xiaomi Phone 2 review: high-end specs in a surprisingly affordable package

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Xiaomi Phone 2 MITwo review priceperperformance ratio reaches a new low

As mobile phones have become more powerful, prices for many flagship models have managed to linger were they always were -- at the top end. The Xiaomi has always been one exception, though. Last year, this Beijing startup launched its very first namesake phone at just CN¥1,999 ($320), which was rather impressive given that this was the first Chinese device to feature the 1.5GHz dual-core Snapdragon MSM8260 chip (not to be mistaken with the Krait-based MSM8260A). This stimulated two fronts of the smartphone war: the price-per-performance ratio kind, and the cheap-as-hell kind. With regards to performance, we're looking at competitors like Huawei, ZTE, Lenovo and good old Meizu; while the price battle involves taking on MediaTek-powered devices under various new brands -- many of which have done so well that they've now set up stores in Shenzhen's Huaqiangbei area.

Needless to say, Xiaomi is now facing a greater challenge -- one that barely existed a year ago. But on the brighter side of things, the company now has three Android devices spanning two price tiers: two editions of the Xiaomi Phone 1S for ¥1,299 ($210) or ¥1,499 ($240), and the quad-core Xiaomi Phone 2 -- the star of this review -- for ¥1,999, which is well below its ¥2,350 ($380) raw cost, according to CEO Lei Jun. There's no doubt that Xiaomi could recoup some of the costs from its vast range of accessories, and with the imminent launch of the Xiaomi TV set-top box next month, it's clear that the company's hoping to profit from content. Still, as mama said, it's the first impression that counts (especially for consumers outside China, anyway), so read on to see how we coped with Xiaomi's second-gen flagship phone.

Gallery: Xiaomi Phone 2 review

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Xiaomi Phone 2 review: high-end specs in a surprisingly affordable package originally appeared on Engadget on Wed, 14 Nov 2012 10:00:00 EDT. Please see our terms for use of feeds.

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Xiaomi Phone 2 pre-production units available on September 22nd, limited to 600 lucky buyers

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Xiaomi Phone 2 pre-production units available on September 22nd, limited to 600 units only

Much like the run-up to the previous flagship product launch, Qualcomm-backed Xiaomi has just announced that it'll be selling a small batch of pre-production second-gen Xiaomi Phones, in the hopes to get some keen users to perform last-minute checks before mass production. To be exact, only 600 of these quad-core Jelly Bean phones will be made available online at local time 10am on September 22nd (that's 10pm ET on the 21st); and even if you have CN¥1,999 ($310) to spare, you'll still need to be one of the 1,200 expert members from the Xiaomi and MIUI online communities to be able to hit the "order" button. Nice hype drive, if you ask us.

Later on, successful buyers can simply swap their engineering units in for a final version of the 16GB or 32GB Xiaomi Phone 2 -- the latter a new addition that co-founder Lei Jun announced on Sina Weibo last Saturday (where he also cheekily asked if anyone need a 64GB flavor). For those who qualify but would rather avoid the digital bloodshed next week, we suggest you wait until the official Chinese launch in the second-half of October; or try Taiwan by the end of the year.

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Xiaomi Phone 2 pre-production units available on September 22nd, limited to 600 lucky buyers originally appeared on Engadget on Tue, 11 Sep 2012 11:56:00 EDT. Please see our terms for use of feeds.

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