#Xiaomi growth

Xiaomi Corporation has announced its unaudited consolidated results for Q2 2021 ended June 30, 2021, showing the its business performance across all segments. In the second quarter of 2021, Xiaomi's total revenue amounted to RMB 87.8 billion, representing an increase of 64.0% year-over-year; adjusted net profit for the period was RMB 6.3 billion, an increase of 87.4% year-over-year. Xiaomi smartphone revenue amounted to RMB 59.1 billion in the reporting period; representing an increase of 86% year-over-year. According to Canalys, Xiaomi's global smartphone shipments ranked No. Additionally, in the second quarter of 2021, Xiaomi's loT and lifestyle product segment maintained growth with revenue increasing 35.9% year-over-year to RMB 20.7 billion. Furthermore, Xiaomi's internet services amounted to RMB 7.0 billion, which is a record high according to the corporation, representing an increase of 19.1 year-over-year. In terms of products and services, Xiaomi maintained continuous growth in the overseas market, with revenues amounting to an increase of 81.6% year-over-year to RMB 43.6 billion—accounting for 49.7% of total revenue. Reports from Canalys state that Xiaomi's market share in the second quarter ranked among the top 5 in 65 markets globally, and no. Read more in our articles including "Xiaomi reports solid revenue and profit growth for Q2 2021" and "Xiaomi Mi3 now available on Lazada for Php14,999".