Xiaomi Q1 results: 30М phones sold, 600M active users reached

Xiaomi posted its financial report for Q1 2023, and the numbers look promising for the Chinese manufacturer that is about to join the EV game as well. The company had 594.8 million monthly active users between January and March 2023, and it managed to reach the 600 million milestone by the time the announcement was published. The smartphone business reached CNY 35B (just under $5 billion) in revenue, shipping 30.4 million devices. The ASP was CNY 1,152 ($163), increasing 2.7% over the previous quarter. Xiaomi ranked third in Q1 2023 with a market share of 11.3%, but the front-runners...

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