Xiaomi managed to pull out of the game during a year 2020 strongly shaken by the Covid-19. The Chinese giant is now eyeing a new market to ensure a bright future.
If the Chinese technological giants are not at the party, one of them is an exception. This is the manufacturer Xiaomi, which had a very good 2020 financial year and even managed the feat of getting out of the "blacklist" drawn up by Washington, in which there are some big names in the industry. The Middle Kingdom, like Huawei or ZTE.
At the end of the past year, Xiaomi is now the third-largest seller of smartphones in the world behind Samsung and Huawei after having dethroned Apple. Performance all the more notable as global sales of smartphones fell 5.7% last year, according to figures delivered in the third quarter of the past fiscal year by Gartner. Race results: Xiaomi finally recorded a 19.4% increase in revenue in 2020, as well as a net profit of around 1.7 billion euros in the last fiscal year.
The manufacturer's smartphone branch recorded a turnover of 19.7 billion euros last year thanks to sales volumes of around 146.4 million units marketed in 2020. Another fact of weapon, the Chinese manufacturer recently indicated that 49.8% of its revenues were made outside its Chinese stronghold. Regarding its internet user base, Xiaomi said that the number of monthly active users of its home distribution of Android, MIUI, has increased by 28% and now has 396 million users. Of that total, more than a quarter resided in mainland China.
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