Xiaomi - Afrikan Heroes

Pressure Mounts on Xiaomi as Sales Slumps

August 29, 2023

One of the fastest growing mobile phones manufacturing companies in China, Xiaomi has recorded a 4% fall in revenue in the second quarter, tracking a continued sales decline in China’s handset market. Sales dropped to C¥67.4-billion, down from ¥70.2-billion in the same quarter a year earlier, but beating analysts’ estimates of ¥65.1-billion.

Net income rose to C¥5.1-billion over the period, an increase of 147% from C¥2.1-billion a year earlier, also beating analysts’ expectations. Xiaomi’s shipments declined by 19% to 8.6 million, while in India, Xiaomi shipments also fell 22%. Consumer demand in China’s smartphone market continued to shrink in the second quarter, dropping 5% to 64.3 million units, according to research firm Canalys.

Xiaomi’s shipments declined by 19% to 8.6 million, while in major overseas market India, Xiaomi shipments also fell 22% to 5.4 million units, Canalys said.

In light of declining handset sales, Xiaomi is planning to manufacture electric vehicles and has received approval from China’s state planner, Reuters reported this month. The company has pledged a US$10-billion investment over a decade in the EV business and set a goal of mass car production for the first half of 2024.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Mobile in Africa Introduces the Best Tech for Every African

October 17, 2020

With a wide array of global tech competitors making a name in the South African market, big brands are losing their foothold and market share to younger, more agile and much more affordable brands. High-end, high-price isn’t necessarily what South Africans are after in the current economic climate, so it is the responsibility of tech brands and distributors to be innovative and globally savvy to meet the needs of all South Africans.

Mobile in Africa, the official distribution partner of Xiaomi, has made it their mandate to keep up with tech trends and provide a diversity of IoT products catering to every budget. Mobile in Africa’s devotion to bringing top tech and the pinnacle of new, exciting and affordable technology to every South African has seen the addition of more and more impressive smart devices, eco-products and smartphones emerge as part of an expanding repertoire.

Xiaomi has just launched the all-new awe-inspiring 9 Series range of smartphones, on sale now through the Mobile in Africa online store. The 9 Series range consists of five exceptional devices: the Redmi 9A, Redmi 9C, Redmi Note 9 Pro, Redmi Note 9 and the Redmi 9, all with cutting-edge features and high-quality functionality. Whether you’re a student on-the-move keen to capture a quick, crisp selfie or an avid gamer who seeks high-performance and immersive display, you can find exactly what you need out of this selection of devices.