In the second quarter, Xiaomi's smartphone shipment in western Europe soared 53.2 percent, the fastest growth among major brands. Separately, Huawei, Vivo and Oppo saw their respective shares improve in the second quarter compared to a year earlier, and Xiaomi and Apple experienced setbacks, according to Digitimes Research's latest China smartphone report.
Its revenue in the January-June period totaled 95.7 billion yuan (13.6 billion USA dollars), the Beijing-headquartered company announced Tuesday in its H1 financial results.
In the first half of the year, Xiaomi's revenue from global markets grew 33.8 per cent to 38.6 billion, accounting for more than 40 per cent of the Group's total revenue.
Worldwide smartphone shipments dropped by 2.3% year over year in the second quarter, which marked the seventh consecutive quarter of decline, according to market research firm IDC. Xiaomi's market share tumbled 20% after the vendor shipped 11.5 million units.
Xiaomi had quite an impressive quarter.
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The company is weathering a bleak domestic smartphone market even as economic growth in China slows and Chinese consumers rally in support of beleaguered rival Huawei. This was also helped by aggressive promotions from the top vendors to take advantage of a weakened Huawei.
The three companies said the data transfer alliance is open to all Android smartphone makers, but analysts said the move is a possible counteraction toward Huawei.
As of June 30, the number of connected IoT devices (excluding smartphones and laptops) on Xiaomi's IoT platform reached approximately 196 million units.
Xiaomi has already launched its first 5G smartphone model, the Mi Mix 3 5G, in certain European countries and its second 5G handset is slated to launch in China in the second half of the year.
The company is investing in artificial intelligence and smart-home devices.