Xiaomi announced Q2 2021 earnings: net profit of 8.27 billion Mobile phone revenue exceeded 59.1 billion
Xiaomi announced its second quarter 2021 financial results. The financial results disclosed that total quarterly revenue of 87.79 billion yuan, an increase of 64% year-on-year. Net profit of 8.27 billion yuan, an increase of 83.9% year-on-year.
In the second quarter, Xiaomi's smartphone revenue reached 59.1 billion yuan, up 86.8% year-over-year; global smartphone shipments reached 52.9 million units, up 86.8% year-over-year. revenue from IoT and consumer lifestyle products business reached 20.7 billion yuan, up 35.9% year-over-year.
Xiaomi shipped more than 2.5 million smart TVs worldwide in the second quarter of 2021. Internet service revenue reached RMB 7 billion, up 19.1% year-over-year. Xiaomi's revenue for the first half of the year was RMB 164.7 billion, up 59.5% year-over-year. Net profit of RMB 16.06 billion, up 141.3% year-over-year.