Xiaomi's revenue in the first quarter decreased by 18.9% year-on-year to 59.5 billion yuan
Cailian News Agency, May 24th - Xiaomi Group announced its first quarter financial report as of March 31st. Xiaomi's revenue in the first quarter was 59
Cailian News Agency, May 24th - Xiaomi Group announced its first quarter financial report as of March 31st. Xiaomi's revenue in the first quarter was 59.48 billion yuan, a year-on-year decrease of 18.9% and a month on month decrease of 9.9%, with an estimated revenue of 58.81 billion yuan; After adjustment, the net profit was 3.23 billion yuan, a year-on-year increase of 13.1% and a month on month increase of 121.3%, with an estimated 3 billion yuan. In the first quarter of 2023, Xiaomi Group's overall gross profit margin reached 19.5%, reaching a historic high.
In the first quarter, Xiaomi's smartphone business revenue was 35 billion yuan, and the global smartphone shipment volume was 30.4 million units. According to Canalys data, Xiaomi remained third in global smartphone shipments this quarter, with a market share of 11.3%.
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