In the first quarter of 2021, Xiaomi’s total revenue and adjusted net profit far-exceeded market expectation. Total revenue for the period totaled RMB76.9 billion, representing an increase of 54.7% year-over-year while adjusted net profit for the period came in at RMB6.1 billion, an increase of 163.8% year-over-year.
China Smartphone Market
China’s smartphone market closed at 369 million units in shipment in 2019, down 7% year-on-year.
Huawei has the largest market share of China's smartphone market (38.5% in 2019). Oppo, Vivo, Xiaomi, and Apple rank the second to the fifth respectively.
China smartphone shipments more than doubled in Q1 2021; Vivo has largest market share
In Q1 2021, the total shipment of China’s domestic mobile phone market was 97.973 million, an increase of 100.1% year-on-year. 41 new phone models were released in China in March, up 32.3% year on year.
China Mobile has the most 5G mobile subscribers of 165 million
The turnover of telecommunication services in China totaled 13,675.8 billion yuan in 2020, up by 28.1 percent over the previous year, according to the National Bureau of Statistics of China.
Forecast: China smartphone market in 2021
Thanks to the better market environment under the stable epidemic prevention and control, IDC predicts that the domestic smartphone shipment will grow by 4.6% year on year in 2021, with total shipments of about 340 million units. 2. supply chain instability Potential changes in the market structure have stimulated a new round of the market […]
Report: China Mobile Economy 2020
Chinese operators are leading on growth beyond core services, with non- telecoms services – both for consumers and enterprises – growing at 30% year-on-year in local currency (compared to less than 10% for most other major operators), according to a recent report by GSMA.
Xiaomi in Q1 2020; overseas market accounts for half of total revenues
In Q1 2020, Xiaomi’s total revenue for the period reached RMB49.7 billion, representing an increase of 13.6% year-over-year. Adjusted net profit for the period was RMB2.3 billion, an increase of 10.6% year-over-year.
Baidu launched cloud-based virtual smartphone
Baidu Smart Cloud officially released “Cloud Mobile Phone”. The so-called Cloud Mobile Phone is a virtual smartphone with all applications running on the cloud so that the performance of the mobile phones can no longer be limited by its hardware. Baidu Cloud Phone is a combination of ARM server, cloud computing, and Android OS. It […]
Postponed or canceled purchase due to Covid-19: China vs. US vs. UK
65% of Chinese consumers have postponed or canceled their traveling due to the impact of COVID-19, according to a survey by Strategy Analytics. 43%, 41%, and 37% have postponed or canceled the holidays, automobile purchases, and smartphone purchases respectively. Smartphones and 5G were not immune from delayed purchasing in China. 37% have delayed a new […]
Xiaomi highlights in 2019; MIUI MAU up 28% to 310M in 2019
In 2019, Xiaomi’s total revenue was RMB205.8 billion, an increase of 17.7% year-over-year. Adjusted net profit was RMB11.5 billion, an increase of 34.8% year-over-year. For Q4 2019, Xiaomi recorded RMB56.5 billion in revenue, an increase of 27.1% year-over-year, while adjusted net profit was RMB2.3 billion, an increase of 26.5% year-over-year.
Xiaomi launched 5G flagship Mi 10 smartphone series and a wireless charging speaker
Xiaomi last week unveiled its annual smartphone flagship devices: Mi 10 Pro and Mi 10. The Mi 10 series is among the firsts to feature Qualcomm Snapdragon 865 and boasts a 108MP 8K-enabled camera and an immersive audio experience with a dual stereo speaker system.
Xiaomi in Q3 2019; IoT platform saw 213 million connected devices
The number of connected IoT devices on Xiaomi’s IoT platform reached approximately 213.2 million in Q3 2019, up 62.0% YoY. The number of users who have five or more devices connected to Xiaomi’s IoT platform increased to 3.5 million, an increase of 78.7%. MAUof MIUI, Xiaomi’s Android-based operating system, reached 291.6 million. In September 2019, […]
Xiaomi launched new smartphones, smart watch, and smart TV for Double 11 2019
Xiaomi launched multiple smart devices this week including several smartphones (Mi CC9 Pro, Mi Note 10, Redmi Note 8T), smart watch Mi Watch, and Mi TV 5.
China telecom market in Q3 2019; internet TV users exceeded 292 million
In the first three quarters of 2019, the total number of mobile phone users of the three telecommunications companies in China, including China Mobile, China Unicom, and China Telecom, reached 1.598 billion, an increase of 3.3% according to the Ministry of Industry and Information Technology of China.
WeChat mini-programs can be accessed on Samsung phones outside WeChat
Mini programs competition is heating up with ByteDance building its own ecosystem on its leading apps short-video TikTok and news Toutiao. With Alipay and Baidu following closely, WeChat is stepping up its Mini Program game by going beyond the WeChat interface and partnering with hardware vendors like Samsung.
Xiaomi in Q2 2019: smart hardware, IoT, AI, internet services
Xiaomi’s monthly active users (“MAU”) of MIUI reached 278.7 million, an increase of 34.7% YoY. AI assistant “ Xiao’ai ” had 49.9 million MAU; Xiaomi ranked 4th globally in terms of smartphone shipments; and, global shipments of its smart TVs reached 2.7 million units.