Xiaomi's annual results report for 2022 has been shared, and the article published by the company contains very important information about its path
Xiaomi is one of the leading manufacturers of high-tech products in the global market, with innovative products in every field, and Xiaomi's annual financial performance in 2022 is much higher than expected, with the company's net profit reaching ¥8,5 billion.
Amid global economic crises in 2022, Xiaomi achieved total revenue ¥280 billion constantly improving her effectiveness with the powerful strategies and moves she made.
According to Canalys, Xiaomi kept it 3th position in the global smartphone market, with 150,5 million units sold in 2022. Xiaomi's market share in smartphone sales in 2022 allowed the company to rank among Top 5 manufacturers in 54 countries/regions.
While the number of Smartphone sales around the world has been significantly affected by the global financial crises that plagued the market during 2022, however, Xiaomi has managed to effectively insulate its company from the risks of the single market by having an excellent sales structure and marketing. As a result, it proved to everyone its long-term and sustainable competitiveness by recording revenue of ¥167,2 billion year-on-year, with the average selling price of its smartphones rising for four consecutive years.
Xiaomi has simultaneously increased both its sales volume in 2022 and its reputation by launching several new Smartphone models in collaboration with Leica. It debut of the new Xiaomi 13 series has been well received in the China market, conquering it #1 in smartphone market share among Android Smartphone manufacturers in price categories ¥4,000 – ¥6,000 for 7 consecutive weeks.
Furthermore, the Redmi continues to strengthen its position in the global market, and December of 2022, the company released its series Redmi K60, which is its first Smartphone with wireless charging technology. The entire Redmi K60 lineup is powered by flagship class chipsets (Qualcomm Snapdragon SoC) and managed to sell over 300.000 units within the first 5 minutes of its release.
In addition to the above, Xiaomi announced a series of new exciting technological developments in the MWC 2023, including the solid state battery technology, of 300W wired fast charging technology and glasses Xiaomi Wireless AR Glass Discovery Edition.
In short, Xiaomi will continue to grow financially in 2023 as it strives to create new products and innovate in all areas.
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