Xiaomi Group announced its results for the second quarter of 2021, with total revenue reaching RMB 87.8 billion, a year-on-year increase of 64.0%.
Adjusted net profit was RMB 6.3 billion, a year-on-year increase of 87.4%. Both total revenue and adjusted net profit hit a record high in a single quarter, far exceeding market expectations.
The financial report shows that Xiaomi’s smartphones rose to the second place in the world during the quarter, with global shipments of 52.9 million units, a year-on-year increase of 86.8%, and a market share of 16.7%. Global shipments of high-end smartphones exceed 12 million units. Smart phone revenues were 59.1 billion yuan.
In addition, Xiaomi ranked first in the market share of smartphones in 22 global markets, and for the first time in Europe and Southeast Asia.
According to the financial report, Xiaomi’s revenue from iIoT and consumer products business in the second quarter was 20.7 billion yuan, a year-on-year increase of 35.9%.
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