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Xiaomi shipped 46.6 million phones in Q3 Here’s the details-Techweu

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Xiaomi’s latest financial report marks the milestone of 46.6 million smartphone shipments and 47.6 billion yuan ($ 7.2 billion) smartphone revenue between July 1st and September 30th. The number of phones shipped was 45.3% higher than in the same period last year, and Xiaomi is currently the world’s third-largest smartphone brand with a market share of 13.5%, based on Canalys’ global smartphone shipment report.

Xiaomi Q3 performance
Xiaomi Q3 performance

Xiaomi Q3 performance

Total revenue increased to 72.2 billion yuan ($ 10.9 billion), an increase of 34.5% compared to the same period last year. Net profit reached 4.1 billion yuan ($ 621 million). The average selling price (ASP) of Xiaomi phones rose to RMB1,022 ($ 155) per unit due to the sale of flagship Mi phones in the third quarter of 2020.

Xiaomi shipped a record 46.6 million phones in the third quarter

Revenues from outside China also increased to 39.8 billion yuan ($ 6.03 billion), an increase of 52.1% compared to last year. AIoT revenue increased 16.1% from the third quarter of 2019 to 18.1 billion yuan ($ 2.7 billion).

Source


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Shweta
Shweta loves online shopping & she is an enthusiastic writer who is interested in technology, Shweta is an author in techweu community she writes about internet She sleeps and wakes with her mobile phone, data connection on 24/7.
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