Xiaomi's Q1 2025 financial report reflects significant growth, with revenues climbing to CNY 111.3 billion ($15.4 billion), a 47% increase compared to the previous year. Net profits rose over 64% to $1.48 billion, while R&D expenses surged more than 30% to $930 million, highlighting their commitment to innovation. The smartphone and AIoT division led earnings at $12.8 billion. Additionally, Xiaomi boasts over 718.8 million global monthly active users and increased its presence in the premium smartphone market, with a growing number of connected IoT devices and successful expansion into wearables and EVs.
Xiaomi's growth is evidenced by substantial year-on-year increases in both revenues and net profits, with significant investments in R&D further boosting its innovative capabilities.
The company's ecosystem boasts over 943.7 million connected IoT devices and Xiaomi's continued investment in flagship smartphones indicates strong competitive positioning in various sectors.
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