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[News] Xiaomi 's quarterly infographics detail the accelerating growth of the tech giant

2020-08-28 14:14:33
151 8

The COVID 19 pandemic has struck businesses around the world hard, Chinese tech giant Xiaomi posted a few infographics showing its success in the second quarter of the year.

Of particular note is the huge rise in the number of monthly active users (MAU) for MIUI, from 279 million in June 2019 to a whopping 343 million in June 2020. The infographics also indicate that there are 271 million Xiaomi devices connected to the company's IoT platform. My Home app's monthly active users peaked at 40.8 million, a 34.1 percent YoY rise.

Xiaomi 's sales also grew with the company's gross revenue reported at 53.5 billion yuan ( US$ 7.8 billion) in the second quarter, with an impressive net profit of 3.4 billion yuan ( US$ 494 million). Overseas business of the brand contributed 23 billion yuan which is nearly half of the quarter's total revenue.

The market for smartphones is still Xiaomi's top earner in revenue. An estimated 28.3 million smartphones were shipped in Q2 2020, with the Mi 10 series serving as a significant catalyst in that respect. The company announced that, within the first two months, it sold over one million Mi 10 phones. The series still brings success to the brand's way as the Mi 10 Ultra with its top-ranked DXOMark camera having the potential to knock off all other flagship options in China. Xiaomi raked in revenue in just 10 minutes in 400 million yuan (USD 58 million) during its first sale in China. If Xiaomi were to satisfy its fans' demand to release the phone on the global market, we could just see another one

In addition to the flagship division, the Redmi series also contributed its own fair share to the rising revenue from the company. The Redmi 9 series and Redmi K30 Ultra have also proved to be successful releases that will help cement the company's position as the world's fourth-largest smartphone brand.
Xiaomi prides itself not only as a manufacturer of smartphones but also as an Internet company. Its tentacles include wearable, hearable, smart TV and other items for home and ecosystem use. Xiaomi has consistently dominated the Indian and Chinese smart TV market. Buoyed by the launch of the Mi TV Master Series, the brand continued its supremacy in China and just this month the company added transparent TV Mi TV LUX. Currently, Xiaomi is ranked among the world 's top 5 smart TV brands, and is number one in China. The brand announced an estimated 2,8 million smart TVs delivered in the second quarter of 2020, with the company expanding its tentacles to new markets such as Poland, France and Italy with its recent transparent television


One region in which the success of Xiaomi continues to resonate is in Europe. In Q1 2020, market share of the company grew 145 per cent ahead of Huawei as the third-largest phone brand in the old continent. Xiaomi continued its impressive run in Q2 2020 as it is ranked first in Spain, second in France and fourth in smartphone shipments in Germany and Italy.

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                              Thanks for reading
2020-08-28 14:14:33
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R/O

1653413590 | from Redmi Note 9 Pro

#1

Thanks
2020-08-28 15:39:30

News Reporter

Itz_evuti Author | from mobile

#2

1653413590
Thanks

You welcome
2020-08-28 21:48:11

Pro Bunny

Elvis McCoy | from Redmi 8A

#3

This is growth all the same... way to go Xiaomi...
2020-08-29 12:09:26

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Favour Ajibade | from app

#4

Thanks for the info.
2020-08-29 13:35:02

News Reporter

Itz_evuti Author | from mobile

#5

Elvis McCoy
This is growth all the same... way to go Xiaomi...

Absolutely projecting high
2020-08-29 19:23:58

News Reporter

Itz_evuti Author | from mobile

#6

Favour Ajibade
Thanks for the info.

You welcome
2020-08-29 19:24:17

Advanced Bunny

Dupride | from Redmi Note 7

#7

you welcome
2020-08-31 05:16:31

News Reporter

Itz_evuti Author | from mobile

#8

Dupride
you welcome

Ma pleasure
2020-08-31 05:53:37
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