Tag: Xiaomi Q2 2021

Xiaomi posts 84.4% YoY increase in profits in Q2 2021, acquires self-driving startup Deepmotion for $77.3 million

Xiaomi has reported its earning for the second quarter (Q2 2021) that ended June 30, 2021. It reported revenue of 87.8 billion yuan (US$ 13.56 billion), an increase of 64% compared to Q2 2020. Net profit for the quarter was approximately 6.3 billion yuan (US$1.28 billion), up 87.4% YoY. The company said that the total revenue and adjusted net profit both reached record highs in the quarter, demonstrating the excellence of the business model and the robustness of its operations. Continue reading “Xiaomi posts 84.4% YoY increase in profits in Q2 2021, acquires self-driving startup Deepmotion for $77.3 million”

Xiaomi overtakes Apple to become world’s 2nd largest smartphone vendor in Q2 2021

Canalys has released preliminary worldwide smartphone shipment data for Q2 2021 that reveals that Xiaomi will overtake Apple to become No. 2 leading smartphone brand in terms of shipments globally. The company has achieved a 17% market share with 83% YoY growth. This is the first time it is grabbing the No: 2 spot and is placed behind Samsung which has 19% share. Apple was third, with 14%, while Vivo and OPPO has 10% share. Continue reading “Xiaomi overtakes Apple to become world’s 2nd largest smartphone vendor in Q2 2021”