Chinese smartphone maker Xiaomi – now valued at US$45 billion – sold 61.12 million smartphones in 2014, representing a 227% increase on 2013, according to an internal email from Xiaomi founder and CEO Lei Jun. He also revealed that the company’s after-tax income from smartphone sales had soared 135% year-on-year to RMB74.3 billion (around US$11.98 billion) in the past year. To some extent, Xiaomi’s smartphone shipment growth has overshadowed its sales figures, which indicate a decline in the average price per unit. Despite its setbacks in India, Xiaomi has sold over 1 million smartphones there in just five months, the company disclosed. Xiaomi’s major competitor Huawei announced it had shipped over 75 million smartphones last year.