Xinhua News Agency/Eyevine/Redux
Xiaomi’s first smartphone launched in 2011, and it now enjoys a spot in China’s top four largest smartphone brands. It also has a sizable overseas expansion: Xiaomi phones hold the largest market share in India, one of the fastest-growing smartphone markets in the world. Xiaomi’s financial record is still relatively short—it went public just over a year ago—but diversifying its brand with smart-home devices, an addition to its Internet of things ecosystem, should help growth average 20% in the next two years.
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|Industry||Technology Hardware, Storage and Peripherals|
|Revenues ($M) (Past 12 Months)||$27,982|
|Profits ($M) (Past 12 Months)||$1,610|
|Market Value as of Oct. 9, 2019 ($M)||$26,547|