Xiaomi gets half its revenues from outside of China, reaches $10 billion in the Q1-Q3 period

BY admin March 28, 2020 Technology 6 views

Xiaomi has grown quickly over its short 6 years of existence and has expanded well beyond its home country. It now has official presence in 90 markets and is in Top 5 in terms of market share in half of those markets.

Xiaomi has grown quickly over its short 6 years of existence and has expanded well beyond its home country. It now has official presence in 90 markets and is in Top 5 in terms of market share in half of those markets.

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As of Q3 2019, half of the company’s revenue is coming from the global market (the other half from China). The Q1 to Q3 period from last year that overseas revenue reached almost $10 billion.

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Xiaomi will publish the financial report for the final quarter of 2019 soon and that will help it cross the $10 billion mark easily.

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The company has joined the fight against COVID-19. It already shipped masks to Italy, France and Spain. Today Xiaomi pledged to deliver 1 million masks to Europe (many of which are already on the way).

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