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    The Q1 of 2021 was a record for Xiaomi in terms of revenue and profit


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    The Q1 of 2021 was a record for Xiaomi in terms of revenue and profit

    The Q1 of 2021 was a record for Xiaomi in terms of revenue and profit

    So, within the first three months of this yr, Xiaomi’s income amounted to about $ 12 billion or 76.88 billion yuan. The expansion in comparison with the identical interval final yr was 55%. Gross revenue reached $ 2.2 billion or 14.16 billion yuan, up 87.4% from a yr earlier. The corporate’s internet revenue reached $ 0.94 billion or 6 billion yuan, a rise of 163.8%.

    World shipments of smartphones from January to March this yr amounted to 49.Four million models and a rise in annual phrases of 69.1%. In March, the variety of lively MIUI customers reached 425.three million (+ 28.6% over the yr).

    Xiaomi burdened that each income and internet earnings had been at document highs. The corporate considers this to be a superb indicator that its enterprise mannequin is sustainable and is the results of strict adherence to the chosen improvement technique. Xiaomi individually famous that the military of customers is rising as a result of speedy progress in gross sales of smartphones and IoT units.

    It doesn't intend to cease there. There are plans to broaden enterprise horizons. In March, Xiaomi unveiled an up to date emblem and introduced its entry into the electrical automotive market. By the way in which, in one of many interviews, the pinnacle of Xiaomi, Lei Jun, was requested whether or not the scarcity of chips would have an effect on the plans for the manufacturing of an electrical automotive. To which he assured that no, and they're confidently shifting in direction of the meant purpose.

    Xiaomi, Oppo and Realme have lowered the forecast for shipments of smartphones in 2021

    Main Chinese language smartphone distributors, in response to DigiTimes; are pressured to as soon as once more cut back the forecast for shipments of smartphones this yr. This is because of a number of world elements.

    Particularly, the pandemic continues to have a unfavorable influence on the worldwide smartphone market. The business has begun to get well from final yr’s coronavirus strike; however the subsequent wave of the unfold of the an infection is making its personal changes to the earlier expectations.

    One other unfavorable issue is the scarcity of digital elements. The chip scarcity has already affected all kinds of IT industries, together with the smartphone market.

    The forecast for the availability of smartphones within the route of reducing are pressured to regulate such world well-known manufacturers; as Xiaomi, Oppo, Realme and Honor.

    Analysts say the smartphone business will develop this yr primarily as a result of improvement of the 5G phase. IDC consultants, for instance, consider that world shipments of good mobile units will attain 1.38 billion models in 2021. If this forecast is justified, progress in relation to final yr might be on the degree of seven.7%.

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