It’s not just India, Europe loves Xiaomi too. President of Xiaomi International Shou Zi Chew stated that the company is the fourth largest smartphone maker in Western Europe. The company’s market share has reportedly grown an impressive 90% year over year.
For the first three quarters of 2019, Xiaomi recorded a revenue of $10 billion. Half of that comes from outside of China, meaning that Xiaomi is truly a global company. The plans for this year are to release over ten 5G phones, many of which will be available globally.
Shou Zi Chew at the 2020 World Economic Forum Xiaomi makes much more than smartphones, of course. The company has attached its name to many things that you use in and outside your home, including scooters. According to Shou, Xiaomi scooters make up 17% of the market in Western Europe.
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