Xiaomi may even be well known for selling smartphones with a much better price / quality than the competition. However, it is in the IoT area that the fastest growing company. This according to the Asian manufacturer’s accounts.
Xiaomi hit a sales record, but sales of smartphones fell. The secret to success lies in the new segment of smart home products. Segment that Xiaomi has been increasing and giving more quality than ever.
Selling smartphones from Xiaomi remains the strongest point
Although Smartphone sales have declined, remains the largest slice of profit of the brand. Xiaomi sold 4. 59 1 billion in the third quarter alone. The numbers are good, however, 7.8% below last year’s numbers.
Xiaomi sold more than 32 million pieces of equipment in the third quarter and makes it, according to Canalys, ranked fourth worldwide After Samsung, Huawei and Apple.
Xiaomi’s IoT grows like never before
It was on the “internet of things” “, known as IoT, which Xiaomi has grown the most. Brand Billed 2. 22 Billion but with growth of 44 .4% over the previous year. Examples are the security cameras, light bulbs, smart bells or even routers that the company is increasingly selling.
With competition “sleeping” in a sector that promises to be the future, Xiaomi has leveraged the growth of the segment and is increasingly at the forefront of technology.
IoT segment promises to grow more
With the “internet of things” still new to most people, it is believed that this segment may still be in its infancy.
Xiaomi has registered if on the stock market as an “internet company”, something that investors seriously questioned. However, with this kind of growth in a totally unexpected sector, Xiaomi proves that it was right to identify in this way.