Li Wanqiang, co-founder of Xiaomi, disclosed on October 15 that about 16 million Xiaomi phones were shipped in the second quarter of this year.

Lei Jun, CEO and co-founder of the company, announced earlier this month that the shipments in Q3 increased 20 percent quarter-over-quarter.

Actual phone shipments by Xiaomi through Q3 2014.

Above: Actual phone shipments by Xiaomi through Q3 2014.

Image Credit: TechNode

Xiaomi is a Chinese maker of smartphones. So far its sales have been concentrated primarily in Asia, where it recently unseated Samsung as the #1 smartphone seller in China. The company hired Hugo Barra away from Google in 2013, and its CEO harbors Steve Jobs-like ambitions.

The company made RMB33 billion ($5 billion) in sales from 26.11 million phones in the first two months of this year. So a total of over 45 million Xiaomi phones shipped in the first  three quarters.

Xiaomi had shipped a total of 52.3 million phones as of June 2014, according to the company. The shipment goal for this year is 60 million. Lin Bin, another co-founder of Xiaomi, said their goal for 2015 is 100 million in an interview with NIKKEI several days ago.

Estimated sales of Xiaomi phones through 2015.

Above: Estimated sales of Xiaomi phones through 2015.

Image Credit: TechNode

This story originally appeared on TechNode. Copyright 2014