Xiaomi had quite an impressive quarter. The smartphone company posted a 71.7% increase in its Q2 2019 which is impressive considering the super competitive nature of the smartphone market.
The company’s strategy of “Smartphone + AIoT” seems to working quite well. The strategy is centered around making Xiaomi smartphones at the center of Internet of Things (IoT) products is pretty great and could be what the company needs to create an ecosystem.
Another interesting bit from the earnings report is that Xiaomi’s overseas market accounts for approx. 40% of its total revenue.
This means that there is still some room for growth for the company in international markets and this makes future even brighter for the company. Xiaomi opened its second store in Kenya just a couple of weeks ago.
Xiaomi has grown from being regarded as a blatant copy of Apple to becoming a leader in innovation.
The company recently partnered with Samsung to release the world’s first 100MP smartphone camera sensor and is also collaborating with OPPO and Vivo to develop a new file transfer protocol.
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Kevin is a tech enthusiast and the lead writer at MobiTrends.co.ke. He has been writing about smartphones and tech related topics since October 2012. About Us | Contact Us
