Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

China's Xiaomi joins world smartphone 'elite club' with sales topping 500 mln

May 23, 2022


Abstract : Chinese tech giant Xiaomi has joined Samsung and Apple in the global smartphone 'elite club' with its total sales topping 500 million, according to an industry report.

BEIJING, May 21 (Xinhua) -- Chinese tech giant Xiaomi has joined Samsung and Apple in the global smartphone 'elite club' with its total sales topping 500 million, according to an industry report.

The brand has crossed the 500-million smartphone installed base mark early in the first quarter of 2022, said the global industry analysis firm Counterpoint Research.

"Xiaomi has been a leading force in going beyond China to seek more growth potential as the home market has become mature," Counterpoint Research stated, adding that the brand's successful global expansion is "especially obvious" in India and Europe.

In the first quarter of the year, Xiaomi ranked first in India, occupying 23.2 percent of the market, while in Europe, it was in the third spot with a 12.6-percent market share, data from the report showed.

Xiaomi's smartphone revenue reached 45.8 billion yuan (about 6.79 billion U.S. dollars), and its global smartphone shipments amounted to 38.5 million units in the first quarter, Xiaomi said in a filing with the Hong Kong Stock Exchange.  

Scan the QR code and push it to your mobile phone

Keyword: Xiaomi

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial