Whereas many smartphone manufacturers have been releasing new fashions in varied markets, Xiaomi was asserting its achievements in 2021. In accordance with the corporate’s This autumn report, the whole income of Xiaomi Group reached 85.6 billion yuan ($13), a year-on-year improve of 21.4%; the adjusted internet revenue reached 4.5 billion yuan ($0.71 billion), a year-on-year improve of 39.6%.

Xiaomi’s Efficiency In 2021

In 2021, the whole income of Xiaomi Group reached 328.Three billion yuan ($52 billion), a year-on-year improve of 33.5%; the adjusted internet revenue reached 22 billion yuan ($3.46 billion), a year-on-year improve of 69.5%.

Smartphone Market

As for smartphones, Xiaomi merchandise continued to promote nicely around the globe in 2021. When it comes to each world shipments and market share, Xiaomi smartphones reached a document excessive. Notably, world shipments of smartphones reached 190 million items, a year-on-year improve of 30.0%.

As Canalys proves, Xiaomi ranks first in 14 world markets in 2021. Additionally, it’s within the prime 5 in 62 world markets and second within the European market.

Due to the regular progress of the internationalization technique, Xiaomi’s world was fairly profitable in 2021. The non-Chines market efficiency of the corporate maintained sturdy progress. In 2021, the abroad market income was 163.6 billion yuan ($21), a year-on-year improve of 33.7%, accounting for 49.8% of the whole income.

Xiaomi additionally continued to carry out nicely within the premium smartphone market.

In 2021, Xiaomi’s world shipments of premium smartphones priced at 3,000 yuan ($412) or extra in mainland China and 300 euros or extra abroad exceeded 24 million items. That is twice extra a 12 months earlier.

Amongst them, abroad shipments of premium smartphones priced at 300 euros or extra elevated by greater than 160% year-on-year.

Good TV Market

Pushed by the premiumization technique, the ASP (common promoting worth) of sensible TVs additionally elevated considerably. In impact, the income of sensible TVs grew by greater than 25% year-on-year.

R&D

When it comes to expertise analysis and improvement, Xiaomi mentioned that it’s going to all the time improve funding in R&D, and demand on innovation-driven applied sciences. In 2021, Xiaomi’s R&D expenditure reached 13.2 billion yuan ($2.07 billion), a year-on-year improve of 42.3%.

Since 2017, the compound progress fee has reached 43%. Additionally, the exploration of cutting-edge expertise has begun to point out outcomes. On the 2 high-end flagship fashions, Xiaomi MIX FOLD and Xiaomi 12 Professional, Xiaomi put first self-developed skilled picture chip Xiaomi Surge C1 and the primary self-developed charging chip Xiaomi Pengpai P1.

Xiaomi mentioned that it’s going to unswervingly adhere to technology-oriented sooner or later, and it’s anticipated that the R&D funding will exceed 100 billion yuan ($16 billion) within the subsequent 5 years.