Xiaomis Reports Revenue Rose to $12B in 2014

Xiaomi has achieved significant sales, selling 61.1 million smartphones last year. CEO Lejeune announced upcoming product launches, including a new flagship. Xiaomi's valuation is $45 billion, with potential to reach $100 billion, according to investor Yuri Milner. The company is the third largest mobile phone vendor globally, focusing on budget markets and avoiding Western countries. Xiaomi has expanded from software to diverse products like tablets and air purifiers. It is building an ecosystem by investing in hardware companies, combining hardware, software, and services for future growth.

What significant product announcement is Xiaomi expected to make next week?

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What was Xiaomi's valuation mentioned in the text?

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How does Xiaomi's market strategy differ from that of larger Western companies?

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What types of products has Xiaomi branched out into beyond smartphones?

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What is the key strategy for Xiaomi's future as mentioned in the text?

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