Xiaomi Enters The USD 100 Billion Club

Mihai-Alexandru Cristea 23/12/2020 | 17:01

Xiaomi’s stock price reached an all time high at USD 4.11, with its market value at around USD 100.04 billion officially propelling the company into the USD 100 billion club.

 

Xiaomi’s upgraded “Smartphone x AIoT” strategy launched in 2020 continues to be recognized by the capital market. In Q3, Xiaomi’s global smartphone shipments reached 46.6 million units, placing the company among top three in the world; the number of connected IoT devices (excluding smartphones and laptops)  on its AIoT platform reached a staggering 289 million, cementing Xiaomi’s position as the world’s leading consumer IoT platform. Since the beginning of the year, the price of Xiaomi stock has increased by more than 180%.

Just last week, Xiaomi announced that the flagship Mi 11 series which will launched on December 28, will be the first smartphone in the world equipped with the new Qualcomm® Snapdragon™ 888 5G Mobile Platform.

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