'Xiaomi' sales exceed the estimates due to the restoration of the smartphone market

Xiaomi achieved higher revenue than expected after the smartphone market showed signs of vitality during the separation of holidays, and strengthened hope at the end of the global crisis in the electronic sector that stretches for years. The company, based in Beijing, announced the increase in sales by 11% to 73.2 billion yuan ($ 10.2 billion) in the quarter of the year ending last December, compared to the average estimates of analysts, which amounted to 72.5 billion Yuan. Net revenue increased by 50% to 4.7 billion yuan, exceeding market expectations. These results represent a positive enemy for “Xiaomi” with his co -worker Lee John’s willingness to launch his biggest bet in years, a project that costs a few billion dollars to storm the Chinese electric car market dominated by “Tesla” and “Byd”. Xiaomi prepares him to sell the first production of electric cars during the next week, that is, more than two years after the billionaire businessman announced by his last major projects. The production of electric cars, the production of electric cars, can increase the revenue of Xiaomi by 4% this year, as the first SU7 model can be sold at a price of between 220 thousand and 260 thousand yuan, equivalent to the price of “Model 3” of “Tesla” Cars and Wu Jin Hu. Also read: “Xiaomi” stocks are rising after the date of the sale of a competitive car for “Tesla” and “Byd”, “Xiaomi”, has been announced on electric cars as an extra growth of growth, but it will continue to rely much on the current time on the activity of consumer electronics. According to the IDC research business data, the third company recorded one of the largest smartphone industries in the world a 23% growth in its global sales during the quarter of last year. This number not only exceeded the market growth rate of 8.5%, but also exceeded the performance of large competition companies from “Apple” to “Vivo”. In its local market, however, “Xiaomi” suffers from fierce competition with Huawei Technologies.