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/ Xiaomi posts stellar 2020 annual results as it sold 10M premium smartphones
Xiaomi posts stellar 2020 annual results as it sold 10M premium smartphones
Xiaomi has announced its financial results for 2020, and the numbers look absolutely stellar. Profit increased on a yearly basis, while smartphone shipments rose 17.5% to 146.4 million units. Also half the company’s revenue now comes from the overseas market. Xiaomi claimed to have sold approximately 10 million “premium” smartphones in 2020, while the monthly active users of MIUI are now above 400 million. Xiaomi considers premium phones that costs CNY3,000 and above in China, or €300 and beyond overseas, so take that number with a pinch of salt. Snippets from Xiaomi's annual...
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