record first quarter sales and profits

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Despite the international health emergency, Xiaomi closed the first quarter of 2020 very positively Record record results and strengthen leadership in the smartphone sector. In fact, during the first three months of 2020, Xiaomi shipped 29.2 million units of smartphones growth posting + 4.7% compared to the same period last year. Altogether, MIUI can count on about 330 million active users.

The turnover of the mobile unit grew by 12.3% and reached 4.7 billion dollars., In the first few months of the year, Xiaomi’s share in the world market was 11%. generallyXiaomi turnover amounted to about 7 billion dollars with growth + 13.6% comparing with the previous year. Half of the turnover is related to the external market (that is, all markets outside of China), where Xiaomi showed an increase of + 47.8%.

It should be noted that Xiaomi has invested more than 260 million euros in research and development, increasing investment in this sector by + 13%. It will be interesting to check what the results of the second quarter of 2020 for Xiaomi will be, especially taking into account the fact that the mobile sector is facing the consequences of the coronavirus pandemic. In three months we will find out all the details.

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