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Xiaomi reports smartphone shipments of over 27.5 million units for the first quarter of 2019

Xiaomi recently released the Mi 9 SE. (Image source: Xiaomi)
Xiaomi recently released the Mi 9 SE. (Image source: Xiaomi)
Xiaomi has posted a voluntary announcement to the website of the Hong Kong Exchanges and Clearing Limited in regard to smartphone shipments. According to the statement made by the Chinese manufacturer, more than 27.5 million units were shipped in Q1 2019. Some market research analyst estimates had offered lower figures.

It seems Xiaomi wants to allay any fears investors may have that the company is not doing as well as expected. Reports have recently started appearing online pertaining to first quarter smartphone shipments for all the major players. It appears executives at Xiaomi weren’t particularly pleased by some of the estimates and have decided to publish a more accurate figure straight from the horse’s mouth.

The exact term Xiaomi uses in its voluntary announcement is “exceeded 27.5 million.” Other estimates had offered a figure of 25 million for the company, which would put it closer to the amounts that rivals such as Oppo and Vivo have apparently shipped. The new figure of 27.5 million puts a bit more distance between Xiaomi and its domestic competitors, and it puts Apple (36.4 million) firmly in the Chinese company’s sights.

Xiaomi has still likely slipped in regard to market share, with Huawei busy gobbling up the global smartphone market at the moment. But the company has a number of products coming out this year, and its sub-brand Redmi appears to be going from strength to strength. With the Xiaomi Redmi 5A apparently being the best-selling Android phone in the world in 2018, it’s likely the manufacturer’s end of year financial report will be rosy.

Source(s)

HKEX (1/pdf)

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> Expert Reviews and News on Laptops, Smartphones and Tech Innovations > News > News Archive > Newsarchive 2019 05 > Xiaomi reports smartphone shipments of over 27.5 million units for the first quarter of 2019
Daniel R Deakin, 2019-05- 3 (Update: 2019-05- 3)