"Xiaomi has published its Q3 2025 financial report and the numbers are glowing - this is the fourth consecutive quarter with more than CNY 100 billion in revenue. Xiaomi's smartphone business is well established at this point and it continues to perform - the company shipped 43.3 million units globally, which marks the 9th consecutive quarter of growth. Globally, Xiaomi is in the Top 3 and it is #2 in China."
"Xiaomi's smart home division celebrates an important milestone - there are now over 1 billion connected IoT devices on its platform. IoT and lifestyle products pulled in CNY 27.6 billion in revenue (up 5.6% YoY). The company continues with another impressive number - revenue from "smart EVs, AI and other initiatives" has reached CNY 29 billion. It's not quite clear what the split is and what those other initiatives are. The EV business has achieved its first quarter of profitability. Again, there is no breakdown, but EVs, AI and others brought in CNY 0.7 billion in income."
Q3 2025 revenue exceeded CNY 100 billion for the fourth straight quarter. Smartphone shipments reached 43.3 million units, marking nine consecutive quarters of growth, with smartphone revenue of CNY 46 billion. The CNY 4,000–6,000 segment accounted for 18.9% of shipments, up 5.6 percentage points year over year. The Xiaomi 17 series outsold the Xiaomi 15 by nearly 30%, with the 17 Pro and 17 Pro Max representing over 80% of series sales. The smart home platform now hosts over 1 billion connected IoT devices, and IoT and lifestyle revenue was CNY 27.6 billion. Revenue from smart EVs, AI and other initiatives totaled CNY 29 billion, with EV operations reaching their first profitable quarter and quarterly deliveries of 108,796 units. R&D investment reached CNY 23.5 billion in the first three quarters.
Read at GSMArena.com
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