Xiaomi’s 2024 Financial Results Break Records

Xiaomi reported $50.5 billion in revenue for Q4 and the year. This is 35% higher than last year. The corporation attributed this rise to good outcomes in its core segments, including smartphones, EVs, IoT, and internet services.

Smartphone Sector
The smartphone segment provided $26.5 billion, 52% of total sales. Xiaomi was among the top three smartphone manufacturers in 56 countries and top five in 13 others in 2024 with 169 million sales.

The data shows premium gadget sales growing. Xiaomi has 24.3% of the $550–$700 market and 9.7% of the $700–$850 market.

Global Ecosystem Growth

Xiaomi has 700 million monthly active users (MAU), 170 million of them are Chinese. This audience uses smartphones, smart home gadgets, wearables, and electric cars.

Electric cars

Xiaomi sold 136,854 EVs in 2024, rising quarterly. Since it exceeded 200,000 total EV sales, the business increased its 2025 delivery goal to 350,000 units.

Investment in R&D

Research and development at Xiaomi employs 21,190 workers. The corporation spent $3.3 billion on R&D this year and aims to spend $4.15 billion in 2025, up 25%.

Xiaomi plans several product waves for the year, including the worldwide release of Poco and Redmi phones, which could boost its sales.