In 2020, Xiaomi Smartphone Shipments Reached 146.4 Million Units

Xiaomi Group announced the 2020 annual shipments report on March 24, 2021.

Xiaomi Smartphone Shipments

According to the announcement, the total revenue of Xiaomi Group last year reached RMB 245.9 billion, a year-on-year increase of 19.4%. Adjusted net profit reached RMB 13 billion, a year-on-year increase of 12.8%. Xiaomi’s revenue in the fourth quarter of 2020 was 70.46 billion yuan. At the same time, the market is expected to be 75.226 billion yuan, compared with 56.47 billion yuan in the same period last year. In 2020, Q4 net profit was 3.2 billion yuan, a year-on-year increase of 36.7%.

Xiaomi’s global smartphone shipments were 146.4 million units in 2020, a year-on-year increase of 17.5%. In the fourth quarter of 2020, smartphone revenue reached RMB 42.6 billion, a year-on-year increase of 38.4%. Global smartphone shipments in the quarter were 42.3 million units, a year-on-year increase of 29.7%. In 2020, smartphone revenue reached RMB 152.2 billion, a year-on-year increase of 24.6%.

Xiaomi also stated that its smartphone business has further established itself in the high-end market. In 2020, the global sales of high-end smartphones priced at RMB 3,000 or above in Mainland China and 300 Euros or above overseas were around 10 million.

According to Canalys statistics, in 2020, Xiaomi smartphone shipments have grown by more than 24 million units against the trend, making it the smartphone manufacturer with the largest year-on-year net increase in global smartphone shipments.

MIUI active users increased by 28%

In addition, as of December 2020, Xiaomi’s global MIUI monthly active users reached 396.3 million, a year-on-year increase of 28.0%. At the same time, the globalized AIoT platform continues to expand. As of December 31, 2020, the number of IoT devices (excluding smartphones and laptops) connected to the Xiaomi AIoT platform reached 324.8 million, a year-on-year increase of 38.0%. The number of monthly active users of the artificial intelligence assistant (Xiao Ai) reached 86.7 million in December 2020, a year-on-year increase of 43.5%.

In 2020, the revenue from the IoT and consumer products segment of Xiaomi Group reached RMB 67.4 billion, an increase of 8.6% year-on-year. On the other hand, in the fourth quarter of 2020, the revenue from the IoT and consumer products segment reached RMB 21.1 billion. The year-on-year increase was about 8.0%.

Internet service revenue

In addition, in 2020, Xiaomi’s Internet service revenue was 23.8 billion yuan, a year-on-year increase of 19.7%. Further, in the fourth quarter of 2020, Xiaomi’s Internet service revenue was 6.2 billion yuan, a year-on-year increase of 8.4%.

The financial report shows that as of December 31, 2020, Xiaomi has invested in more than 310 companies. The total book value was RMB 48 billion, a year-on-year increase of 60.1%.

Xiaomi  smartphone shipments

Related posts

Cainiao Released Annual Report on Global Shipments

gohar001

Counterpoint: OPPO Becomes Largest Smartphone Brand In China

elenkh

Apple’s Glorious Decade: Cook’s Products Hardly Exceed Job’s

marhambardzumyan

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.