Xiaomi’s financial report for the first quarter of 2023 includes promising statistics for fans of this Chinese brand; A well-known company that plans to enter the electric car market in the near future to increase the variety of its products even more.

based on what GSMArena He writes, the number of monthly active users of Xiaomi reached 594.8 million people in the quarter ending March 2023 (March 1401 and April 1402). The company says it now has more than 600 million monthly active users.

Xiaomi’s mobile business earned 35 billion yuan (nearly five billion dollars) in revenue. This company managed to launch 30.4 million devices in the discussed period. The average selling price of Xiaomi phones reached 1,152 yuan ($163), which represents a growth of 2.7 percent compared to the fourth quarter of 2022.

Xiaomi managed to become the third top brand in the mobile market in the first quarter of 2023 with a share of 11.3%. In this quarter, Apple and Samsung were able to launch almost twice as many phones as Xiaomi.

Xiaomi’s share in the Chinese market increased; However, Vivo was able to overtake Xiaomi so that the company fell to the fourth place. In the Chinese mobile market, Apple is the first and Oppo is the second.

Xiaomi managed to pocket 59.5 billion yuan ($8.43 billion) in revenue and an adjusted net profit of 3.2 billion yuan ($450 million) in the first quarter of this year. Including costs related to the auto business, adjusted net profit came to 1.1 billion yuan ($150 million).

Xiaomi is also investing in the field of AIoT (Combination of Artificial Intelligence and Internet of Things). The number of Xiaomi devices connected with AIoT-related technologies has reached 618 million. Xiaomi says 12.3 million of its users own at least five such devices.

Xiaomi’s income from the sale of large household appliances such as refrigerators, air conditioners and washing machines grew by 60%. This company made 2.8 million smart TVs available to customers in the first quarter of this year to be among the top five companies in this industry.

Xiaomi has said that it plans to reduce greenhouse gas emissions by at least 70% by 2030 and by 98% by 2040.

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