Important in the China smartphone market developments, Xiaomi is making a strong comeback in smartphone market, Xiaomi’s shipment percentages are on the rise! According to new reports prepared by Chinese domestic researchers and analysis companies; Xiaomi, China’s leading smartphone manufacturer, is experiencing a rise in shipments. Smartphone shipments have grown beyond expectations, and the automobile business is facing a new trend. In addition, Xiaomi’s future growth and sales forecast figures are quite optimistic. In this way, the current China smartphone market, which has been declining for a long time, is expected to continue to grow as before.
Xiaomi is making a strong comeback in global smartphone market!
According to new reports prepared by Chinese domestic researchers and analysis companies; Xiaomi, China’s leading smartphone manufacturer, is experiencing a rise in shipments. Smartphone shipments have grown beyond expectations, and the automobile business is facing a new trend. In addition, Xiaomi’s future growth and sales forecast figures are quite optimistic. According to researcher and analyst Ming-Chi Kuo, the China smartphone market is starting to grow again, Xiaomi’s fourth quarter shipments are estimated to be 40 – 45 million units, with a quarter-on-quarter and year-on-year growth rate of about 14%, which is the best in the industry. What is important, however, is that Xiaomi can regain its growth momentum in global markets rather than the mainland.
According to other reports cited by Ming-Chi Kuo, Xiaomi’s smartphone shipments are claimed to increase by double digits in 2024, and its profit rate in Q4 of 2023 and next year is expected to exceed market expectations. Xiaomi’s competitive advantage over ordinary Chinese companies is in its global layout, and Xiaomi is expected to return to the top when the global Android smartphone market recovers. In Q4 of 2023, smartphone shipments are expected to grow again quarter-on-quarter and year-on-year. In addition, there is currently no price competition among other Android brands and costs have fallen compared to previous years, which is highly beneficial for brand owners’ profits.
Source: ITHome
