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Q1 Sales Surged by 33.8%! Lei Jun: Smartphones Remain Xiaomi's Cornerstone

Hei Bai Sat, Apr 20 2024 09:24 AM EST

On April 18th, this afternoon, Lei Jun went live on Douyin (TikTok), responding to some hot topics that netizens are particularly concerned about.

During the livestream, Lei Jun emphasized the importance of the smartphone business, stating that smartphones are still the cornerstone of Xiaomi's existence and development. He reiterated that smartphones are the core business and mentioned that he devotes nearly one-third of his energy to smartphone work.

Lei Jun said, "I participate in many, many meetings in our smartphone department every week."

Regarding the question of whether he will continue to host smartphone launch events, Lei Jun said that if necessary, he can still be on stage to support, "But I still hope that Xiaomi is a stage where talents emerge. I think they speak very well."

According to data released by IDC, in the first quarter of 2024, Xiaomi's global smartphone shipments surged by 33.8%, ranking third, with a market share of 14.1%, only 3.2% behind Apple. 49f12b09-9875-4b5e-9c90-eb0129e09dcd.jpg Lei Jun also expressed gratitude on his personal Weibo account for the support of Mi Fans worldwide regarding these sales figures. 0144334a-837e-4e81-bcdd-2c52e867248b.png