Xiaomi's Revenue Exceeds Rp151 Trillion in Q2 2022

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Cindy Mutia Annur 24/08/2022 19:00 WIB

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Xiaomi reported revenue of RMB 70.17 billion, or approximately Rp 151.69 trillion (using an exchange rate of Rp 2,162/RMB), in the second quarter of 2022. Smartphones were the company's largest revenu

Xiaomi Revenue by Product Segment (Q2 2022)

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Xiaomi Revenue by Product Segment (Q2 2022)

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The Chinese smartphone company, Xiaomi, reported revenue of RMB 70.17 billion (approximately Rp 151.69 trillion at an exchange rate of Rp 2,162/RMB) in the second quarter of 2022.

This represents a 20% decrease year-on-year (YoY) compared to the second quarter of the previous year.

Xiaomi's revenue in Q2 2022 was primarily driven by smartphone sales, reaching RMB 42.26 billion, or 60.23% of total revenue.

Despite being the largest contributor, revenue from this segment decreased by 7.6% compared to Q1 2022.

"This occurred amidst a decline in average selling price (ASP), partly offset by an increase in our smartphone shipments," the company stated in a press release.

Xiaomi's revenue from Internet of Things (IoT) and lifestyle products, such as Xiaomi Smart Bands, televisions, and laptops, amounted to RMB 19.81 billion in Q2 2022, representing 28.23% of total revenue.

Internet services contributed RMB 6.97 billion in revenue, while other products generated RMB 1.12 billion.

Economic headwinds caused Xiaomi's profit to plummet by 83% YoY in Q2 2022. During this period, the company owned by Chinese billionaire Lei Jun recorded a profit of RMB 1.36 billion (approximately Rp 2.95 trillion).

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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