Xiaomi, which is relatively young in the business world, has not even completed 15 years since its establishment. And in this decade and a half, we have achieved To become one of the largest technology companies in the world. And it is not us, but the experts in the sector who say this.
And 2024 will be the year of capital for Lei Jun’s company because succeeding where others are losing market share. In addition to further consolidating its ecosystem, it has successfully entered the automobile market. All reasons that have pushed it to climb this prestigious list.
Xiaomi in Fortune Global 500
It is compiled and published annually by the prestigious magazine. Forbes, Fortune Global 500 list It is a ranking of the top 500 companies in the world, measured by revenue. And just being in this business means that your company is truly successful and an influencer in its field.
Xiaomi first entered the Fortune Global 500 List in 2019, just 9 years after its founding, at number 468. Since then and in these 5 years, Xiaomi has advanced more than 200 positions in four yearsIt rose from 468th place to 422nd place in 2020, and from there to 338th place in 2023, making it the fastest-growing Chinese technology company.
Fourth consecutive increase, Xiaomi ranked 266th in the Fortune Global 500 ranking this yearAnd there is no doubt that it will continue to advance its positions in 2025 thanks to the mega success of its biggest product to date: the Xiaomi SU7 electric car, which has entered the EV market with great force.
Apple is the third best-selling mobile phone company
According to its latest earnings report, Xiaomi achieved significant growth in the second quarter of 2024 with a 27.4% increase in shipments compared to the previous year. Global market share reached 15% in the quarter.
This result It puts Xiaomi just one point behind Apple in terms of mobile market sharestrengthens its position as a global brand. Xiaomi’s results were particularly impressive, far surpassing its closest competitors. This makes Samsung, Apple and Xiaomi the three best-selling mobile companies globally.
via | Fal / Canalys
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