Xiaomi sold 28 million smartphones in the first quarter of the year and increased revenue by 27%

Xiaomi reported sales and income for the first quarter of this year. Despite the drop in demand for smartphones

in China, the company's performance shows growth.

What and how much?

So, during that period Xiaomi sold 27.9 millionsmartphones worldwide, and sales revenue amounted to $3.9 billion, which is 16.2% more than last year. The average price of smartphones sold rose by 30% in China and by 12% in the international market. True, in the first quarter of last year, smartphone sales were slightly higher - by 1.8%.

Number of Internet of Things devices,connected to the Xiaomi proprietary platform reached 171 million units (excluding smartphones and laptops). And this is 70% more than the figures for the same period last year.

The company's total revenue in the first quarter of this year was 43.8 billion yuan (about $6.3 billion). Thus, over the year the company managed to increase its revenue by 27.2%.

Profits rose 22.4% to $303 million.

Do you know that

The most popular Xiaomi products on Aliexpress are:

  • 19-in-1 electric screwdriver for easy handling with small parts
  • magnetic pad for the very screwdriver
  • automatic soap dispenser with frother
  • control center smart home Xiaomi
  • AirPods killer – Xiaomi AirDots
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