Huawei’s market share is falling rapidly in major regions and market research has shown that Xiaomi is benefitting the most. Now, that success has been corroborated by the company’s latest financial results.
Xiaomi continues to eat up Huawei’s market share globally
Xiaomi has reported (via Bloomberg) a massive 36.7% year-on-year rise in profit for the quarter ending December 2020. The number hit 3.2 billion yuan ($490.7 million) on revenues of 70.5 billion yuan ($10.8 billion).
