Xiaomi shipped 46.6M smartphones in Q3 2020

Xiaomi has recently shared its consolidated financial report for Q3 2020 from July 1 to September 30, 2020.

According to the financial report, the smartphone brand recorded a total of 46.6 million units. This is more than 45.3% from Q3 2019. Canalys’ global smartphone shipments report also named Xiaomi as the third biggest smartphone brand globally with a market share of 13.5% the Q3 2020.

As compared to last year’s total revenue in the same timeline, Xiaomi recorded an increase of 34.5%, amounting to CNY 72.2PHP 582USD 10INR 841EUR 9 billion. CNY 47.6PHP 384USD 7INR 554EUR 6 billion from it were from smartphones alone, representing an increase of 47.5%. Xiaomi smartphones’ average selling price (ASP) also went up to CNY 1,022PHP 8,238USD 140INR 11,899EUR 134 per unit, driven by Mi flagship smartphones’ sales.

Xiaomi’s global revenue also increased by 52.1%, amounting to CNY 39.8PHP 321USD 5INR 463EUR 5 billion. This is 55.1% of the brand’s total sales. As for its IoT and lifestyle devices, the smartphone earned a total of  CNY 18.1PHP 146USD 2INR 211EUR 2 billion in Q3 2020, representing an increase of 16.1%. Globally, the total revenue of Xiaomi IoT and lifestyle products jumped by 56.2%.