Xiaomi is proud to announce the global launch of the highly anticipated Xiaomi 14T, recently unveiled in Berlin. Xiaomi’s success in its second quarter of the year reflects robust growth across all key segments as quarterly revenue surged from 70.9 billion to 88.9 billion RMB (134.34 billion ZAR to 231.14 billion ZAR) with an adjusted net profit of 6.2 billion RMB (15.2 billion ZAR) and cash resources totaling 141 billion RMB (366.6 billion ZAR). Smart EV Business MilestoneA significant highlight is Xiaomi’s Smart Electric Vehicle (EV) business, which achieved 27,307 vehicle deliveries in Q2 2024. For Q2 2024, Xiaomi secured its position among the top three smartphone vendors, holding a 12%-unit share in the local market. Revenue from internet services totaled 8.3 billion RMB (20.4 billion ZAR), with overseas internet services generating 2.7 billion RMB (6.6 billion ZAR).

Source: The North Africa Journal November 21, 2024 23:37 UTC