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Xiaomi Reports Strong Q1 with Surging Smartphone Sales and EV Ambitions Intact
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Xiaomi Reports Strong Q1 with Surging Smartphone Sales and EV Ambitions Intact

Xiaomi’s Revenue Growth and Smartphone Sales exceeded expectations with a 27% year-over-year increase in the first quarter of 2024, driven by a 33% jump in smartphone sales, reflecting a global recovery in handset shipments. The company’s total revenue reached 75.5 billion yuan (US$10.5 billion) during the quarter, exceeding the 73.5 billion yuan analysts had anticipated....