Xiaomi's Remarkable Q4 Performance

In an unprecedented financial achievement, Xiaomi Corp. has announced a staggering 49% year-on-year revenue increase in its fourth-quarter earnings report, totaling 109 billion yuan ($15.1 billion). This milestone not only surpassed market expectations but also marked the first time Xiaomi's revenue has exceeded the 100 billion yuan threshold.

Annual Growth and Global Expansion

For the entire year of 2024, Xiaomi's revenue reached 365.9 billion yuan ($50.6 billion), a 35% increase from the previous year. The company's profit also saw a significant boost, with income growing by 34.9% to 23.6 billion yuan ($3.3 billion). Notably, Xiaomi's smartphone and artificial intelligence sectors contributed significantly to this growth, with a 22.9% rise in revenue to 333.2 billion yuan ($46.1 billion). The company shipped 168.5 million smartphones, a 15.7% increase from 2023, capturing a 13.8% share of the global market. Additionally, Xiaomi's global active user base expanded to a record 702.3 million, up 9.5% from the previous year.