Xiaomi Posts Record-Breaking Revenues, Plans to Rename Smartphone Range

Xiaomi Posts Record-Breaking Revenues, Plans to Rename Smartphone Range

Chinese smartphone maker Xiaomi has had its best year so far. First, they have overtaken Apple at sales, becoming the second-largest smartphone seller in the world.

And now, it has reported record-breaking revenues that have grown by more than 60% compared to last year. At the same time, the manufacturer is expected to release three new flagship-category devices and tweak their branding as well.

New devices

According to rumours overheard by Digital Chat Station on Weibo, the upcoming Xiaomi handsets will have amazing cameras and the power of Qualcomm’s Snapdragon 898 under their hood.

The upcoming Snapdragon 898 will be a significant improvement over the previous models, both when it comes to network speeds and processing power.

Powered by 5G, the new phones will make your Betway app download lightning-fast, and help it update instantly. You won’t have to wait for the app to download and process the live scores or event results, like on older networks – the information you’ll need to place the most attractive bets will be at your fingertips in an instant.

Xiaomi’s new devices will not only get Qualcomm’s brand new system-on-a-chip but also brand new cameras. The same source speaks of a handset with a 200-megapixel camera on its back – it will be the first smartphone with such a big sensor.

Hopefully, the optics of the camera will be up to the challenge. The other two – yet unnamed – flagships will both have 50-megapixel cameras, optical zoom, and high-quality telephoto.

A great revenues call

Xiaomi has recently claimed second place in the top list of the biggest smartphone sellers in the world, taking over Apple for the first time in its history.

The manufacturer’s shipments soared by 86.8% compared to 2020, to 52.9 million units at the end of the second quarter of the year. At the same time, in turn, its revenues also increased: according to a recent report published by the company, they far exceeded previous estimates.

In an update posted on Xiaomi’s official blog, the company revealed that its revenues have grown by 64% compared to last year, and its profits by 87.4%. Of course, this information has to be taken with a grain of salt, considering that last year was not a very positive one for most companies around the world.

The company also boasted about its premium smartphone sales – they define this category as handsets costing more than EUR300 or RMB3000. According to the report, the Chinese smartphone maker has shipped more than 12 million of those.

On a side note, the revenues report published on the Xiaomi blog seems to confirm the rumours about a new branding convention over at the smartphone maker: smartphone models are routinely referred to as “Xiaomi 11 Pro, Xiaomi 11 Ultra and Xiaomi MIX FOLD” – eliminating the “Mi” bit from the name.