Xiaomi immediately launched the Q3 2023 financial results with complete income reaching RMB 70.9 billion, the primary yr-on-yr growth in a single quarter after six quarters.
Its adjusted internet revenue reached RMB 6 billion, a yr-on-yr enhance of 182.9%. The group’s gross revenue market reached a document excessive of twenty-two.7%.
The worldwide smartphone gross sales of Xiaomi have returned to growth with its market share growing to 14.1%. The phone maker is the one one on the checklist to realize positive growth within the tally.
The excessive-finish potential continues to develop in Xiaomi because the latest launch of Xiaomi 14 collection units introduced an enchancment in gross sales for the smartphones division. In the course of the Double 11 gross sales interval, Xiaomi lots of the units with document income.
Within the space of analysis and growth, Xiaomi is increasing its attain with RMB 5 billion funding, a yr-on-yr enhance of twenty-two%, and in addition elevated the R&D facility personnel.
Except for smartphones, tablets, and laptops, the variety of related IoT units on Xiaomi’s AIoT platform now accounts for 699 million. This can be a yr-on-yr enhance of 25.2%, which helped the corporate to put a stable basis for HyperOS to increase its attain in an awesome variety of sensible units.
In the meantime, the Q3 2023 financial results present recognizable gross sales of Xiaomi sensible TVs, TWS headsets and tablets.