Last updated on May 1st, 2023 at 07:51 pm
Despite the coronavirus pandemic, Xiaomi was able to increase supplies
Xiaomi recently published its financial report for the first quarter of 2020, separately highlighting the achievements of its television division. Xiaomi is one of the five best TV suppliers in the world and is confidently taking the leading position in the supply of TVs in the largest market in China.
Xiaomi crushes TV market under itself
According to the latest Avi Cloud (AVC) data, total sales of the entire TV market in China in the first quarter of 2020 amounted to 9.963 million units. The firm said that Xiaomi shipped approximately 1.836 million TVs to China, which allowed it to occupy 18.4% of the Chinese market.
Xiaomi reported that in the first quarter, the company shipped 2.7 million televisions, that is, outside of China, the manufacturer shipped about 900 thousand televisions.
Recent data indicate that despite the coronavirus pandemic, Xiaomi was able to increase supplies. At the same time, the company continues to lead in China for five consecutive quarters and is constantly increasing its market share. If in January the company occupied 17.4% of the TV market, then in March its share grew to 20.2%.
At the end of this week, Xiaomi introduced the low-cost smart TV Mi TV 43 with very thin frames.
