Xiaomi reported impressive financial results for Q4 2024, with a record revenue of CNY 365.9 billion ($50.5 billion), a 35% increase from the previous year. Key drivers included strong sales in smartphones and electric vehicles, with smartphone revenue accounting for 52% of total sales. The company's global ecosystem boasted 700 million Monthly Active Users, exemplifying its broad market reach. Xiaomi's commitment to R&D saw an investment of CNY 24.1 billion in 2024, with plans to increase this to CNY 30 billion in 2025, indicating a focus on innovation.
Xiaomi's latest financial results reveal a remarkable CNY 365.9 billion in revenue for 2024, showcasing a 35% year-over-year increase driven by diverse sector growth.
Strong performances in smartphones, electric vehicles, IoT, and internet services contributed to record revenue, signifying Xiaomi's momentum in premium segment categories.
With 700 million Monthly Active Users, Xiaomi's ecosystem illustrates its expansive global reach beyond China, emphasizing its foothold in smartphones and smart home devices.
Xiaomi's commitment to R&D has increased, with a significant investment aimed at enhancing future innovations, targeting a budget of CNY 30 billion for 2025.
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