Xiaomi Recorded Staggering Growth in Q2 2021, According to the Data

Xiaomi has released some official statistics for the second quarter of 2021, which corroborate the company’s astronomical growth. Profits at the business rose by 84.4 percent year on year in the second quarter of 2021. (YoY).

Xiaomi releases official information and says that the company will see phenomenal growth in the second quarter of 2021.

The business recorded sales of CNY87.8 billion ($13.56 billion), representing a 64-percent growth over the same period in the previous year. The company’s net profit for the same time is CNY6.3 billion ($1.28 billion), representing an increase of 87.4 percent year on year.

Xiaomi noted that both its sales and net profit were at all-time highs, which serves as a positive indication that the business is headed in the right way.

During this time span, the firm delivered 52.9 million smartphones.

Xiaomi delivered 52.9 million devices in the second quarter of 2021, an increase of 86.8 percent over the previous year. Globally, the firm sold about 12 million premium cellphones, with prices ranging from CNY3,000 (€300) to CNY3,000 (€300).

Xiaomi’s sales from IoT and lifestyle goods reached CNY20.7 billion, representing a 35.9 percent year-on-year growth compared to 2016. Xiaomi’s smart TVs shipped 2.5 million devices worldwide in the second quarter of 2021.

What’s also noteworthy is that the number of customers who have five or more devices linked to Xiaomi’s IoT platform (excluding smartphones and laptops) has reached 7.4 million, according to the company. That also shows a significant rise when compared to Q2 2020, representing a 44.5-percent gain.

Xiaomi is on the verge of acquiring Deepmotion.

Xiaomi has announced that it would buy Deepmotion, which will add even more intrigue to the proceedings. Deepmotion is an autonomous driving technology company, and Xiaomi has made it clear that it intends to release a self-driving vehicle shortly. This purchase is expected to be valued at about $77.3 million.

This year, the business has made significant strides. The company may even have surpassed Samsung to become the world’s leading smartphone maker by the second quarter of 2021, at least according to certain estimates.

Xiaomi also launched the Mi MIX 4, a compelling smartphone with an in-display camera, only a few weeks ago. More gadgets from the business are expected to be released before the end of the year.

It will be fascinating to watch how well the business does in 2022 since it has the potential to dethrone Samsung as the world’s most valuable corporation for a longer length of time, as we will witness.

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