Xiaomi was included in the Fortune Global 500 list of the third year in a row, rising to the 338th place in 2021, which represents a significant increase in 84 positions compared to the 422th place in 2020. At the same time, Xiaomi became the fastest growing company in the “Internet and Retail Trade” category in the Fortune Global 500 list in 2021.
“Compared to our past achievements, I am more focused on our potential growth. Xiaomi is still a very young, but ambitious company, full motivation. I would like to sincerely thank our fans of Xiaomi fans around the world, because your unshakable support helped Xiaomi to become such a living and energetic. I think this is not the limit for Xiaomi, and I am sure that people will see even stronger and powerful Xiaomi in the future, and we will achieve much more prominent results in the Fortune Global rating next year, ” – said Lei Jun, founder, chairman and CEO Xiaomi.
According to Xiaomi’s profits, the total income of the company in 2020 amounted to 245.9 billion yuan, as a result of which Xiaomi ranked 338th in the Fortune Global 500 2021 list. In 2021, the company continues to show rapid growth, demonstrating an explosive increase in income and net profit, which significantly exceeded market expectations. In the first quarter of 2021, the total Xiaomi earnings amounted to 76.9 billion yuan, which is 54.7% more compared to the same period last year, and the adjusted net profit for the period was 6.1 billion yuan, an increase of 163.8. % compared with the previous year.
This growth is explained by the constantly expanding positions of Xiaomi in high-class smartphones market, rapid growth in international markets and the development of the company’s new retail business.
Focusing Xiaomi on key technologies has become a driving force to create improved interaction with users. The company has strengthened its position in the high-end market segments using the MI 10 and MI series 11. In the first quarter of 2021, the global supplies of Xiaomi smartphones at a price of 3,000 yuan and higher at the mainland China and at a price of 300 euros and above in international markets exceeded 4 million pieces.
The global expansion of the company also contributed to its overall growth. July 16, Xiaomi announced that, according to CANALYS, the company ranked second in the world with a 17% share of smartphones, ahead of Apple. In international markets: Xiaomi exceeded 300% growth in annual terms in the Latin American market, 150% in Africa and 50% in Western Europe. Xiaomi smartphones reached more than 100 markets around the world, taking first place on the market share of smartphones at least in 12 markets and taking second place in Europe by market share. The company is in the first place in India 15 blocks in a row.