Xiaomi Rides Smartphone Shipment Surge to Post 19-Percent Jump in Profit
26 November, 2020, 23:52
The company rose to become the third-biggest seller of handsets in the third quarter, shipping 47.1 million units with 45 percent growth, according to consultancy Canalys.
Xiaomi Corp. posted its fastest pace of revenue growth in more than two years after the Chinese smartphone giant seized market share from Huawei Technologies Co.as American sanctions deepened.
In Q3 2020, Xiaomi's smartphone business grew significantly in both revenue and shipments, and in both mainland China and in overseas markets. Specifically, more than half of Xiaomi's third-quarter revenue came from overseas markets, which grew by 52.1 percent on a yearly basis to 39.8 billion yuan, the company said. During the 2020 Singles' Day shopping festival in China, Xiaomi ranked first in sales among Android smartphones on Tmall.com, JD.com and Suning.com. Currently, Xiaomi is leading with the highest volume of PCB shipments among other brands.
According to a report by research firm Gartner, the overall smartphone market shrank 5.7% in one year, mainly due to the covid-19 pandemic, whose impact on production lines is still being absorbed.
Xiaomi's Redmi, notably, accounted for three of the world's top 10 best-selling smartphones in the third quarter of 2020.
Revenues from outside China also grew to CNY 39.8 billion ($6.03 billion) which is up by 52.1% compared to past year. The revenue of Xiaomi's AIoT and consumer products segment reached RMB 18.1 billion ($2.75 billion), a year-on-year increase of 16.1%. The average selling price (ASP) of Xiaomi phones increased to CNY 1,022 ($155) per unit driven by sales of flagship Mi phones in Q3 2020. Its unit shipments surged 42% in the third quarter globally, researcher IDC estimated, by far the best performance among brands from Samsung Electronics Co.to Apple Inc.
Samsung's market share declined from 34.7 per cent to 31.8 per cent annually as its shipments fell 6.3 per cent to 29.6 million, but it remained comfortably ahead of the competition. The report says there are now 289 million connected IoT devices on its platform and 5.6 million users have five or more devices connected to its AIoT platform, a 59.0% increase compared to the same quarter a year ago.
Fans will also be allowed to make their vote count with public voting on FIFA's website open until December 9. Wiegman was recently appointed the England women's new coach and will replace Phil Neville in September 2021.
Abiy said the army has been ordered to move on the embattled Tigray capital, Makelle and warned its residents to "stay indoors". Prime Minister Abiy Ahmed gave the anti-government Tigray People's Liberation Front (TPLF) 72 hours to surrender on Sunday.
With today's 33 new confirmed cases, Ohio County has had a total of 919 confirmed COVID-19 cases since the start of the pandemic. As the COVID-19 infection rates escalate in our community, we are calling on residents of Wichita County to do your part.
US official data showed that durable goods orders (preliminary reading) increased 1.3% on month in October (+0.8% expected). EUR/USD regained the key 1.1900 level as it advanced 0.22% to 1.1917, the highest close since August 31.
The McCain , an Arleigh-Burke class destroyer, immediately returned to neutral waters after the warning, according to the Kremlin. A Russian naval vessel threatened to ram a US warship navigating through disputed waters in the Sea of Japan.
All three were to have been enshrined in August, but that ceremony will now take place in 2021 because of the COVID-19 pandemic. It's Taylor's second consecutive year as a semifinalist and Boselli's sixth consecutive year as a semifinalist.
The only organized social events allowed at the moment are weddings, funerals and baptism with a limit of 10 people. Of those, 1,304 were in the Fraser Health region and 104 in the Interior Health region. "Get outside.
The Comets' titles came at the league's start, from 1997 to 2000, and Minnesota won in 2011, 2013, 2015 and 2017. Bird, who turns 40 next week, has been a part of all four of the Storm championships during three decades.
Chongqing, the latest location to join the series, will take Agent 47 to rainy streets littered with handsome neon lights. The game was first announced at the PlayStation 5 reveal event on June 11, 2020, and will release on January 20, 2021.
His career and life outside football was littered with controversy, from the Hand of God to his use of recreational drugs. Maradona is said to have suffered a heart attack at his home in Buenos Aires, Argentina.
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