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Xiaomi Corporation announced consolidated non-certified results for the three months ending March 31, 2024, showing solid growth. We reached RMB 75.5 billion, an increase of 27% compared to
Xiaomi Corporation announced consolidated non-certified results for the three months ending March 31, 2024, showing solid growth. We reached RMB 75.5 billion, an increase of 27% compared to last year. Clear corrections were made and reached 6.5 milliardi RMB. This includes costs per 2.3 billion legal business dei veicoli elettrici (EV) and other initiatives. The operational strategy increased gross margin to 22.3%, an increase of 2.8 points year-on-year.
Arguments of the article:
Xiaomi has demonstrated outstanding performance in the first quarter of 2024, showing significant growth in all key business areas. Global expansion strategy and technological innovation are key factors of success, positioning the company on a solid growth trajectory for the future.
Global smartphone shipments increased by 33.7% to 40.6 million units. Smartphone revenue increased for the fourth consecutive quarter, reaching RMB 46.5 billion. Xiaomi has maintained third place globally in smartphone shipments for 15 consecutive quarters with a market share of 13.8%.
Revenues from IoT and lifestyle products reached a historical high, reaching RMB 20.4 billion, up 21%. Gross profit margin increased by 4.1 points to 19.9%. Le vendite di grandi elettrodomestici Intelligenti Hanno showed strong growth, with revenue growth of 46%.
We reached RMB 8 billion with an increase of 14.5% in internet service. The profit margin from internet services reached 74.2%. Gli utenti active monthly (MAU) reached record levels with 658.1 million and 160.4 million users worldwide and in China, respectively.
Xiaomi’s first smart EV, the SU7 Series, was launched on March 28, 2024 and attracted great attention from the market. As of April 30, there is a backlog of up to 88,063 vehicles. Xiaomi has set a target of delivering more than 100,000 new vehicles by 2024 and is expanding its production capacity.
Research and development expenditures in the first quarter increased by 25.4% to RMB 5.2 billion. Xiaomi has made significant progress in smart EVs and autonomous driving technologies, with the goal of becoming a global leader in innovative technologies.
Source: T Today
John Wilkes is a seasoned journalist and author at Div Bracket. He specializes in covering trending news across a wide range of topics, from politics to entertainment and everything in between.
