Its performance Xiaomi Smartphone sales worldwide continue to surprise even the most experienced analysts, as Xiaomi has managed to become the third largest manufacturer in a few years.
Η latest financial report released by Xiaomi reveals a new big historical milestone, as the company with 46,6 million smartphone shipments and CNY 47,6 billion (7,2 billions of dollars) in revenue during the period between July 1 - September 30, he managed to surprise everyone.
The number of sales on Smartphones is at 45,3% greater than the corresponding period last year, and based on its analysis Canalys for global smartphone shipments, Xiaomi is now the third largest smartphone maker in the world with market share reaching 13,5%.
Xiaomi third quarter performance (Q3)
The company's total revenue increased to CNY 72,2 billion (10,9 billions of dollars), ie increased by 34,5% compared to the corresponding period last year. Net profit amounted to CNY 4,1 billion ($ 621 million), while at the same time the average selling price (ASP) of Xiaomi Smartphones increased to 1.022 CNY (~ $ 155) per unit due to sales made by the company in the third quarter of 2020.
Revenues from outside China also rose to CNY 39,8 billion (6,03 billions of dollars), which represents an increase of 52,1% compared to last year. Revenue from AIoT devices also increased to CNY 18,1 billion (2,7 billions of dollars), showing an increase of 16,1% from the corresponding third quarter of 2019.
All the above data state in the most convincing way that the company, not only has fulfilled the goals it set for this year, but is now moving at a fast pace in the conquest, why not the top.
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