The smartphone market wasn’t experiencing the best of its days, but then, COVID-19 crisis came to make the things even worse. Some companies started to push forward their results for Q2 and today it was Xiaomi’s round. Interestingly enough, in counterpart to some companies, the Chinese firm revealed quite positive results despite the struggling global market. Xiaomi achieved total revenue of $7.7 Billion in the three months period that ended in June. It’s up 3.1% over the second quarter of 2019 and up 7.7% over Q1 of 2020.
JUST IN: Check out our Q2 2020 earnings report.
Over the next decade, we aim to truly lead the way to the future of smart living. To make this happen, Xiaomi's core strategy will be upgraded to "Smartphone X AIoT" #NoMiWithoutYou#SmartLivingForEveryone pic.twitter.com/Vj6NPslide
— Xiaomi (@Xiaomi) August 26, 2020
“Xiaomi Europe” is moving the company with strong sales
The profit was $650 Million, which represents a 129;8% increase year-over-year and 108% better than in the first quarter of 2020 when China took a hit from the pandemic. Xiaomi saw a recovery of its sales outside of China – India. Xiaomi recorded 120% more daily smartphone activations than in the pre-pandemic January 2020. According to a report, Europe played a big role in Xiaomi’s very positive Q2 2020. Xiaomi shipments in Europe grew by nearly 65% over last year’s Q2. Xiaomi was the top smartphone vendor in Spain, second in France and Fourth in Germany. Those are very positive achievements. Perhaps a direct effect of Huawei’s downhill spiral?
The Indian market took the biggest COVID-19 hit in March when the government decided to close the market and confine its nearly 1.3 billion population at home. The company is now slowly recovering, but saw a 28% drop in the number of daily activations. The smartphone maker states that this has not to do with the customer demand that keeps high. However, it blames lowered local production due to the restrictions imposed by the lockdown. India stands as Xiaomi’s biggest market outside of China, but sales should be slightly slow the standard until local manufacturing returns to normal.
The company recently unveiled its Redmi K30 Ultra and Xiaomi Mi 10 Ultra smartphones in China. These devices come to celebrate the company’s ten-year annivessary. They will be limited to the domestic market for now, but will eventually make way to other countris like India. We just don’t know if they will keep teir names or will come with a disguise of some sort.
XIAOMI MI 10 ULTRA SPECIFICATIONS
- 6.67-inch (2340 × 1080 pixels) Full HD+ AMOLED 19.5:9 aspect ratio HDR10 + display with 120Hz refresh rate, 1120nit (HBM) / 800nit (Typ) brightness, 5000000:1 (Min) contrast ratio, DCI-P3 Wide Color Gamut, Corning Gorilla Glass 5 protection
- Octa-Core (1 x 2.84GHz + 3 x 2.42GHz + 4 x 1.8GHz Hexa) Snapdragon 865 7nm Mobile Platform with Adreno 650 GPU
- 8GB LPPDDR5 RAM with 128GB. 256GB UFS 3.1 storage. 12GB LPPDDR5 RAM with 256GB storage. 16GB LPPDDR5 RAM with 512GB UFS 3.1 storage
- Dual SIM (nano + nano)
- MIUI 12 based on Android 10
- 48MP rear camera with 1/ 1.32″ OV48C sensor,1.2μm, f/1.85 aperture, OIS, 8P lens, LED flash. 48MP Sony IMX586 periscope telephoto lens with f/4.1 aperture for 10x optical zoom and 120x digital zoom, OIS. 20MP 128° ultra-wide-angle lens with f/2.2 aperture. 12MP 1/2.6″ 2PD sensor with 1.4um for 2x zoom and portrait, 8k at 24fps, 4k 60fps, 960fps at 1080p
- 20MP front-facing camera
- In-display fingerprint sensor, Infrared sensor
- USB Type-C audio, Hi-Res audio, Stereo speakers
- Dimensions: 162.38×75.04×9.45mm; Weight: 221.8g
- 5G SA/NSA Dual 4G VoLTE, WiFi 6 802.11 ax (2.4GHz + 5GHz) 8 x / MU-MIMO. Bluetooth 5.1, GPS (L1 + L5), NFC, USB Type-C
- 4500mAh battery with 120W QC 5 / PD3.0 wired. 50W wireless fast charging,