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Xiaomi reports record-breaking financial results for 2024
Xiaomi announced its financial results for Q4 2024 and the entire year. The company reported a revenue of CNY 365.9 billion ($50.5 billion), setting a new record. This represents a significant 35% increase from the previous year, driven by strong performances across all sectors: smartphones, electric vehicles, IoT, and internet services. The smartphone revenue reached CNY 191.8 billion ($26.5 billion), accounting for 52% of overall sales. Xiaomi sold 169 million units in 2024, ranking among the top three smartphone manufacturers in 56 countries and among the top five in 13 more...
Xiaomi announced its financial results for Q4 2024 and the entire year. The company reported a revenue of CNY 365.9 billion ($50.5 billion), setting a new record. This represents a significant 35% increase from the previous year, driven by strong performances across all sectors: smartphones, electric vehicles, IoT, and internet services. The smartphone revenue reached CNY 191.8 billion ($26.5 billion), accounting for 52% of overall sales. Xiaomi sold 169 million units in 2024, ranking among the top three smartphone manufacturers in 56 countries and among the top five in 13 more...
