The news of ieir of the ban by Google towards Huawei has shaken the smartphone market, throwing strong doubts about the future of the usual consumers of the Chinese brand that I believe will come out head and shoulders. Having said that for Xiaomi the 2019 instead started in a more than excellent way, considering that only in the first quarter of the year it obtained revenues for 6,3 miliari of dollati and a profit margin of 303 million, exceeding the same expectations of the Asian producer.
For percentage lovers, we are talking about a year-over-year growth equal to 27,2%, largely deriving from the development towards the IoT sector (Internet of Things). Xiaomi in fact does not limit itself to being a manufacturer of smartphones and notebooks but daily produces its own name and / or through similar brands, a series of products connected to the IoT sector reaching 171 millions of units while at the level of smart assistant Xiao AI, in March it reached a total of users connected to 45,5 million patios.
Xiaomi is booming: here is the data of the Q1 2019
Certainly we could not expect disappointing results in the smaartphpne sector, where Xiami totaled revenues of around 4 million dollars, classifying itself as the fourth producer by number of shipments in the Q1 2019. We are talking about a total of smartphones sold equal to 27,9 million units, also thanks to the recent Xiaomi Mi 9, Mi 9 SE and the best buy Redmi Note 7. For Lei Jun, founder and CEO of Xiaomi, these data are great satisfactions especially in consideration of the fact that the devices just mentioned have arrived at the end of the first quarter of the year and, therefore they can only increase further the already excellent data.
In reality Lei Jun does not want to be satisfied and for Xiaomi she has in store a series of updates to the commercial strategies, reorganizing the development system and partly the management structure. We will see how the story develops.
