Η Xiaomi published them financial results of the company for 2021, and apparently, its performance in all areas is excellent.
Η XiaomBeijing-based i recorded total revenue in 2021 amounting to 328 billion CNY, recording an increase of 33,5% compared to the previous year, while net profits amounted to CNY 22 billion, recording a huge increase of up to 69,5% compared to 2020.
In the smartphone segment, it did impressively, as it managed to sell overall 190,3 million devices worldwide, ie its sales were increased by 30% compared to 2020. Of these Smartphones, 24 million belong to the category of premium devices, recording an increase of 160% on an annual basis.
Xiaomi financial results
The company's total revenue from smartphone sales amounted to CNY 208,9 billion, and while this absolute number reveals an increase against 37,2%, in fact the average value of each device is 1.097 CNY, as much as the cost of one Redmi Note 11 in the Chinese market. Premium devices sold cost on average more than 3.000 CNY in China's domestic market or above 300 euro abroad.
Xiaomi continues to expand its presence globally, and as the report published by the company reveals, almost half of its total revenue came from overseas markets amounting to CNY 163,6 billion, that is, it had an increase of 33,7% in relation to 2020.
Xiaomi financial results
Xiaomi's popularity worldwide is evidenced by its presence in Top 5 manufacturers in 62 markets worldwide, and even in 14 from these markets managed to become the smartphone seller with the most sales.
The company is constantly trying to expand its portfolio of artificial intelligence products, and the results for 2021 revealed that revenue from other smart devices increased by 26% annually, reaching CNY 85 billion, while in products related to devices such as air conditioners, refrigerators and washing machines, the annual increase was at 60% compared to last year.
In terms of active users also MIUI worldwide, they rose to 509 million for 2021, that is, against 28,4% more than 2020. Xiaomi also earns a lot from the ads it incorporates into the MIUI Framework, and its revenue has risen to CNY 18,1 billion, ie increased by 42,3% in relation to 2020.
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