Saturday, December 04, 2021

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Xiaomi increases its revenues in the second quarter of 2021

Xiaomi increases its revenues in the second quarter of 2021

Beijing, Aug 26 (Prensa Latina) The Chinese company Xiaomi -world sub-leader in smartphone manufacturing- reported today that it closed the second quarter of 2021 with an increase in its revenues, which amounted to more than 13 billion dollars.
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According to statistics, the company grew 64 percent in that period, surpassed expectations and further consolidated its international performance. It even occupied 25 percent of the European market and overall concluded the January-July period with the shipment of 12 million devices, well above the 10 million exported throughout 2020.

Xiaomi recently supplanted – for the first time and in terms of sales – the United States Apple from the second place on the planet among the main smartphone manufacturers and was only behind South Korea’s Samsung.

Like other domestic rivals, the company increased its operations abroad and benefited from the decline of Huawei, the target of an offensive led by the United States that involved restrictions on technology and components developed there and even in third countries.

Xiaomi was born in 2010 in Beijing under the leadership of the entrepreneur Lei Jun and with the premise of offering state-of-the-art technology, quality plus affordable prices for most pockets.

Its catalog offers low, medium and high range cell phones and includes numerous models highlighting the MI, Redmi and Note.

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