Chinese phone maker Xiaomi unveiled its new Xiaomi 13 Series at a release event on Dec. 11, with camera systems from Leica.
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Xiaomi sales decelerate at home and abroad: report
Xiaomi sees slowing sales across its main offerings from smartphone, AIoT, and internet service, its Q3 earnings shows.
Xiaomi starts phone production in Vietnam: report
Xiaomi has begun phone production in Vietnam, according to a Nikkei report on Tuesday. The firm is using the country as a base to strengthen its presence in Vietnam and other Southeast Asian countries, like Malaysia and Thailand. Nikkei, citing local media reports, revealed that Xiaomi has entrusted production to DBG Technology, which runs a […]
Xiaomi affiliate invests in Chinese auto chipmaker
A Xiaomi affiliate company recently invested in a Chinese auto chipmaker called Hefei Huixi Intelligent Technology (our translation), Chinese media outlet ITHome reported on Tuesday. After the investment, the affiliate, Hanxing Venture Capital, accounted for 4.7% of the firm’s shares, valued at RMB 916,672 ($131,234). Founded in April 2022, Hefei Huixi Intelligent Technology focuses on […]
Chinese phone maker Xiaomi begins large-scale layoffs: report
Leading Chinese phone vendor Xiaomi has started a large-scale layoff across multiple departments, including its smartphone and internet units, Chinese media outlet Jiemian reported on Monday, citing information from Xiaomi employees. Some units in the China region had seen as much as 75% of their staff cut, according to the report. The firm’s internet department […]
Xiaomi releases repair plans for TV screen issues
On May 29, a Xiaomi TV user took to Weibo to complain that the TV’s display screen had fallen out of the TV frame. Two days later, another user also posted a similar experience with their Xiaomi TV. The consumer electronics company later admitted that this issue exists in two batches of its EA70 TV […]
Xiaomi launches 12S series premium phones with Leica lenses
With the new 12S series, Xiaomi has hoped to compete with rivals by offering high-end smartphones at a competitive price.
Xiaomi shipped 190.3 million smartphones globally in 2021
Chinese smartphone maker Xiaomi released Q4 and 2021 earnings on Tuesday. Xiaomi smartphone shipments hit a new record, growing 30% year-over-year to 190.3 million units globally. Xiaomi’s 2021 revenue up 33.5% in a year to RMB 328.3 billion ($51.49 billion), while gross profit grew 58.5% to RMB 58.26 billion. The company earned RMB 85.58 billion in revenue in Q4 with a 29.4% quarterly growth. In addition, the company’s Internet of Things (IoT) and lifestyle products have also seen a 26.1% yearly increase. [Xiaomi press release]
Xiaomi reports net profit decline four quarters in a row
Xiaomi reported a fall in adjusted net profit for the fourth consecutive quarter on August 19, with the company posting figures of RMB 2.1 billion ($310 million) for the second quarter of 2022, according to Caixin. That represents a drop of 67.1% compared to the same quarter last year. Xiaomi’s net profit and revenue both […]
Xiaomi posts 9.7% revenue fall as phone shipments decline in Q3
Chinese phone vendor Xiaomi generated RMB 70.47 billion ($9.87 billion) in the third quarter of 2022, a 9.7% yearly decline. However, the quarterly earnings beat Bloomberg’s estimation and were less severe than the 20.1% yearly drop in the second quarter of this year. Xiaomi surprisingly saw a net loss of RMB 1.47 billion, while its […]