Xiaomi sold 28 million smartphones: Xiaomi reported on sales and revenues for the first quarter of this year. Despite the fall in demand for smartphones in China, the company’s figures show growth.
What and how much?
So, for the time Xiaomi sold 27.9 million smartphones for the world, and revenue from sales amounted to 3.9 billion dollars, which is 16.2% more than last year. The average price of smartphones sold rose by 30% in China and by 12% in the international market. True, in the first quarter of last year, sales of smartphones were slightly more – by 1.8%.
The number of IoT devices connected to Xiaomi ’s proprietary platform has reached 171 million units (excluding smartphones and laptops). And this is 70% more than in the same period last year.
The company’s total revenue in the first quarter of this year was 43.8 billion yuan (about $ 6.3 billion). Thus, for the year the company managed to increase its revenues by 27.2%.
Profit increased by 22.4% and reached $ 303 million.