Xiaomi’s total revenues in 2020 reached RMB245.9 billion, representing an increase of 19.4% year-over-year; adjusted net profit for the year was RMB13.0 billion, representing an increase of 12.8% year-over-year.
In the fourth quarter of 2020, Xiaomi’s revenue totaled RMB70.5 billion, representing an increase of 24.8% year-over-year; adjusted net profit was RMB3.2 billion, representing an increase of 36.7% year-over-year.
In 2020, Xiaomi’s global smartphone shipments increased by 17.5% year-over-year to 146.4 million units.
According to Canalys, Xiaomi’s smartphone shipments increased by over 24 million units in 2020, the top gainer among all smartphone companies globally.
In the fourth quarter of 2020, Xiaomi maintained a top-three position in global smartphone shipments with a market share of 12.1% and the highest year-over-year growth among the top five smartphone companies globally, according to Canalys.
Driven by the strong growth of smartphone shipments, the global monthly active users (“MAU”) of MIUI reached 396.3 million in December 2020, an increase of 28.0% year-over-year.
At the same time, Xiaomi’s global AIoT platform continues to grow. As of December 31, 2020, the number of connected IoT devices (excluding smartphones and laptops) on Xiaomi AIoT platform reached 324.8 million, representing an increase of 38.0% year-over-year.
Xiaomi’s AI assistant had 86.7 million MAU in December 2020, representing a year-over-year increase of 43.5%.
According to Canalys, in the fourth quarter of 2020, our smartphone shipments in the mainland China market grew 51.9% year-over-year, representing the highest growth rate among the top five smartphone companies.
Xiaomi’s smartphone shipment market share in mainland China rose from 9.2% in the fourth quarter of 2019 to 14.6% in the fourth quarter of 2020, according to Canalys.
In 2020, Xiaomi sold approximately 10 million premium smartphones globally with retail prices at or above RMB3,000 in mainland China and EUR300, or equivalent, in overseas markets.
In December 2020, Xiaomi unveiled its premium flagship Mi 11, with sales surpassing one million units in the first 21 days following its release.
As Xiaomi continues to expand our overseas business, revenue from overseas markets amounted to RMB122.4 billion in 2020, representing a year-over-year increase of 34.1% and accounting for49.8% of its total revenue.
As of December 31, 2020, its products have been sold in more than 100 markets globally. According to Canalys, Xiaomi ranked among the top five vendors in terms of smartphone shipments in 54 countries and regions globally in the fourth quarter of2020.