Xiaomi’s sales drop in 2020 despite a promising 2019

As we all know, a lot of tech companies are struggling with sales in the ongoing coronavirus pandemic. that Xiaomi is going to be affected as well, despite the strong increase in revenue that the China-based company experienced last year.

In 2019, Xiaomi reported a revenue growth by 17.7%, reaching $28.2 billion in earnings, while its net profit increased by 35% and reached $1.62 billion.

As we can see on the following graph from market research firm Canalys, Xiaomi’s sales of smartphones experienced the biggest annual growth in the last quarter of 2019, reaching an increase of ...

Monday, 6 April 2020 GSM ARENA GSMArena.com