On the evening of March 19th, 2024, Xiaomi Group -W(01810.HK) reported that the revenue of smartphone business in 2023 was RMB 157.5 billion, and the global smartphone shipments were 146 million units. In the fourth quarter of 2023, the revenue of smartphone business was RMB 44.2 billion, up by 20.6% year-on-year, and returned to year-on-year growth after seven consecutive quarters of year-on-year decline. In the fourth quarter, global smartphone shipments reached 40.5 million units, up 23.9% year-on-year, significantly exceeding the growth rate of the global market.
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