Xiaomi saw its second-quarter revenue rise a record 64% from a year earlier, it said on Wednesday, as the company grew its share of the global smartphone market and expanded its ‘IoT’ product footprint.
In the second quarter of 2021, Xiaomi’s total revenue amounted to RMB87.8 billion, representing an increase of 64.0% year-over-year; adjusted net profit for the period was RMB6.3 billion, an increase of 87.4% year-over-year. Total revenue and adjusted net profit both reached record highs in the quarter demonstrating the excellence of the business model and the robustness of its operations.
Global smartphone shipments ranking rose to No.2, firmly establishing the Xiaomi brand in the premium smartphone market with its products.
