Xiaomi has been growing for over a year now. The company reported for the past quarter

by alex

Growth was observed in literally all segments

Xiaomi reported for the first quarter of the 2024 financial year.  

Revenue for the reporting period increased by 27%, to $10.42 billion. Net profit doubled, to $897.6 million. From the chart you can see that Xiaomi's revenue has been steadily growing over the past five quarters.  

You can also see that smartphones bring the company more than half of its total revenue. Various Internet of Things devices and products that the company defines as lifestyle also bring quite a lot. That is, apparently, this includes wearable electronics, accessories, etc. 

Xiaomi растет уже больше года. Компания отчиталась за прошедший квартал

Xiaomi notes that in the first quarter it ranked third in the smartphone market with a share of 13.8%, ranked in the top 3 in 56 markets and top 5 in 67 markets.  

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Smartphone shipments increased by 33.7%, to 40.6 million units. Premium models accounted for 21.7% of the company's total deliveries. Sales of air conditioners increased by 63%, refrigerators — by 52%, washing machines — by 47%, tablets — by 93%, and the company took second place in the world in sales of completely wireless headphones. Apparently after Apple.  

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