Xiaomi reports record-breaking financial results for 2024

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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......

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