Xiaomi has released financial reports and hastened to boast record profits. It looks like it has skillfully benefited from the sanctions imposed on Huawei, so Samsung, Apple and other competitors should definitely be wary of a serious rival.
So, in the second quarter, Xiaomi led the smartphone markets in 22 countries around the world, including Italy and France. Moreover, the company was proud to announce that they have managed to maintain their first place in Spain for the sixth consecutive quarter. According to Canalys, Xiaomi was ranked in the top 5 in 65 markets worldwide in the second quarter.
Recall that in China, Xiaomi took only third place, losing the first two steps to Vivo and OPPO.
In total, in the period from April to June 2021, Xiaomi delivered 52.6 million smartphones, which is 86.8% more than in the second quarter of 2020. As a result, this is 16.7% of the global smartphone market share, which made the company the second largest manufacturer in the world – after Samsung and ahead of Apple.
In addition, the number of MIUI users has already reached 450 million, and revenue from sales of smart home devices has grown by 35.9% per year. There are now 374 million IoT devices connected to the Xiaomi platform.