Xiaomi TVs Are A Huge Hit: Ranked #5 Biggest TV Brand In The World, #1 In China; Xiaomi Is #1 In 22 Global Markets!
Xiaomi TV has ranked first in China and ranks fifth in the world and Xiaomi is growing its global reach to become a global brand, representing over 30 countries and regions.
Initially, Xiaomi started in 2010 providing software for smartphones and slowly it ended up giving the best phones to the customers. It started offering phones, computers, smart gadgets and many others.
Since 2013, the company has been producing large-screen products. In 7-8 years, it may be able to outperform many traditional television producers.
Lu Weibing, general manager of the Redmi brand, said that the Xiaomi TV may bring a new situation to the OLED TV market.
The Xiaomi Mi TV 6 OLED was released on August 10th. It is regarded as the first OLED television designed specifically for youth. The 55-inch variant costs 5699 yuan ($878) at the retail level.
Xiaomi’s Financial Report
Xiaomi Group announced its 2021 Q2 achievements. Lei Jun also shared relevant data: total revenue is 87.8 billion yuan ($13.55 billion), an increase of 64%.
The Xiaomi Group has released its results for the second quarter of 2021. Lei Jun also gave some interesting statistics, which shows the overall income of Xiaomi is $13.55 billion with an increase of 64 per cent which also sums up its net profit to 8.3 billion ($1.28 billion), an increase of 83%.
The adjusted net profit is 6.3 billion ($0.97 billion) with an increase of 87% and the cash reserve is 111.6 billion yuan ($17.23 billion).
Also in July, there was the report that Xiaomi is now the second-biggest smartphone manufacturer in the world in terms of market share.