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…
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