US EditionShares of China’s Xiaomi Set to Rise 2.3% After Reporting Record Profit
- Xiaomi led the global wearable market in Q1 2025 by shipping 8.7 million units worldwide, reclaiming the top spot from Apple.
- This growth followed a 44% annual shipment increase driven by refreshed Smart Band and Redmi Watch series and strong Redmi Band 5 sales amid a 13% market expansion.
- Xiaomi’s upgraded devices feature renewed designs and extended functions, while competitors like Samsung grew 74% to 4.9 million shipments and Apple posted only 5% growth.
- Xiaomi’s first-quarter revenue rose 47.4% year-on-year to 111.2 billion yuan with record net profit of 10.68 billion yuan despite losses from new initiatives like EVs, stated Lu Weibing.
- The results reflect Xiaomi’s strengthened market position supported by competitive pricing and product integration, while investments in AI and EVs increase R&D expenses this year.
19 Articles
19 Articles
Shares of China’s Xiaomi set to rise 2.3% after reporting record profit
HONG KONG (Reuters) -Shares of China’s Xiaomi were set to rise 2.3% on Wednesday after it reported a record first-quarter revenue and profit and said its shift towards higher-end products from smartphones to home appliances was already paying off. The Hong Kong-listed shares of the world’s third-largest smartphone maker, whose product lines also extend to cars, were set to open at HK$52.75. (Reporting By Donny Kwok and Anne Marie Roantree; Editi…
Let’s face it: the Garmins are great... but also expensive. If you’ve ever thought “I’d love to have one, but I’m off budget,” you’re in the perfect place. Because Xiaomi has said enough, and has brought out a smart watch with high-end body, elite sports brain and mid-range price. We tell you all about it. I’ve been using wearables and sports watches for years, and I know very quickly when a model is pure marketing and when there’s real muscle b…
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