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Realme plans to open thousands of retail stores around the world
Gizchina, citing Realme CEO Li Bingzhong’s post on Weibo, announced plans to build retail stores and the brand’s sales results for 2021. In the future, the company wants to open thousands of stores around the world.
The development of retail points of sale should strengthen Realme’s position in the market, which is already impressive. The company was founded in 20221 and in a little over two years of its existence in terms of smartphone shipments worldwide, Realme was able to take the seventh place. In November, according to Counterpoint Technology Market Research estimates, it became known that the company was able to sell 14.8 million smartphones in the third quarter of 2021. This sales figure is 45% higher than the 2021 result. And compared to the second quarter of 2021, Realme was able to increase sales by 132%.
In July 2021, Realme smartphones were already used by 40 million people around the world. According to the current Counterpoint report, which Gizchina refers to, Realme is in the top 5 brands in 12 markets worldwide, with the company’s equipment sold in more than 60 countries. In the Philippines, Realme takes first place, and in India it was able to rise to 4th in 2021. Russia is also on the list of countries where Realme technology is popular – in 2021, the number of sales in Russia increased by 1179%.
The high demand for Realme devices is ensured by the pricing policy – smartphones are inexpensive, while most of them offer very good specifications for an affordable price. This makes the brand competitive. In addition to smartphones, Realme also launched smart wearable devices such as smartwatches and wireless earbuds, which also pushed for development.
In the future, the company wants to continue to move forward, set new records and focus on the development of IoT devices, as well as expand the family of smartphones that support 5G networks.