Xiaomi: Annual revenue from 2015 to 2020

I’m not a big fan of Chinese companies but, Xiaomi in the hardware category is a little bit of an exception to me. One of the reasons why I like it is because of how much it helped in democratizing the spread of smartphones into the developing world without compromising on the product's look and features.

It’s not the best hardware company in the world but it somehow has sold its way to the top by just doing things right from the time of its existence. The sales numbers of Xiaomi in the past decade have been nothing less than phenomenal. Hence this blog post to discuss it.

Wikipedia snippet about Xiaomi: Xiaomi Corporation, registered in Asia as Xiaomi Inc., is a Chinese designer and manufacturer of consumer electronics and related software, home appliances, and household items.

Behind Samsung, it is the second-largest manufacturer of smartphones, all of which run the MIUI operating system, a fork of Android. In 2020, the company sold 146.3 million smartphones and, as of August 2021, its MIUI operating system had over 450 million monthly active users.

In the second quarter of 2021, Xiaomi surpassed Apple Inc. to become the second-largest seller of smartphones worldwide, with a 17% market share, according to Canalys. End of the snippet.

Below is the graphic that represents the annual revenue of Xiaomi over the past five years. The revenue numbers are in billion Yuan.

As you can see the numbers have only gone up, thanks to their constant innovative lineup of both amazingly featured and sensibly affordable smartphones throughout the years.

Especially from the year 2017, the annual revenue has kind of gone crazy levels up straight into the stratosphere.

In the year 2020 itself, the company has made a spellbinding revenue number of 245.87 billion Yuan.

After the likes of Apple, Google, and Samsung. It’s this Xiaomi in the hardware category alone that has become this behemoth of a business that seems to be basically unstoppable.

I’m happy for its existence, I think it has empowered the world in so many ways with its smartphones and other hardware products of its own.

Once again, I don’t love Chinese companies but Xiaomi is an exception.

Thank you for reading this, and God Bless Everyone.

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Intro About Myself

Name: Tabbrez

Bio: Genius, Polymath, Entrepreneur, Philosopher.

Website: tabbrez.com

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