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

Xiaomi reported on sales and revenues for the first quarter of this year. Despite the fall 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 dollars, 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, sales of smartphones were slightly more - by 1.8%.

The number of IoT devicesconnected to the company platform Xiaomi, has reached 171 million units (excluding smartphones and laptops). And this is 70% more than in 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, for the year the company managed to increase its revenues by 27.2%.

Profit increased by 22.4% and reached $ 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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