Xiaomi’s revenue from mobile services will more than triple this year to nearly $1 billion, the Chinese smartphone maker’s CEO predicted.

Xiaomi has become the most valuable startup at approximately $45B, making the popular smart phones “Mi” and dabbling in other lines of business.

Their founder has emulated Steve Jobs, and their phones are very popular in China which is a very large market for Mobile Phones. Xiaomi is also giving a hard time to leading manufacturers like Samsung & Motorola as it’s cheaper and equally stylish phones have become very popular.

Source: Xiaomi Sees $1 Billion in Mobile Services Revenue This Year – WSJ