XIAOMI's total revenue amounted to RMB78.1 billion for Q3, representing an increase of 8.2% year-over-year.

XIAOMI's total revenue amounted to RMB78.1 billion for Q3, representing an increase of 8.2% year-over-year.

In the third quarter of 2021, smartphone revenue totaled RMB47.8 billion with a gross margin of 12.8%, an increase of 4.4 percentage points year-over-year. Despite the global supply shortage of key components, smartphone shipments in the quarter still reached 43.9 million. According to Canalys, global smartphone shipments ranked No. 3 in the third quarter of 2021, with a market share of 13.5%.

IoT and lifestyle products segment revenue was RMB20.9 billion during the third quarter of 2021, increasing 15.5% year-over-year. Notably, overseas IoT and lifestyle products revenue reached a new record high despite the challenges in maritime shipping logistics overseas this quarter.

In the third quarter of 2021, revenue from internet services segment rose to RMB7.3 billion, reaching a new quarterly high, representing an increase of 27.1% year-over-year. The gross profit margin of internet services segment was 73.6%, 13.1 percentage points higher than the same period of last year.

The revenue from overseas markets reached RMB40.9 billion during the third quarter of 2021, accounting for 52.4% of total revenue. Despite the global shortage of key components, company solidified market position by optimizing global market resource allocation and reinforcing channels in accordance with local market conditions. According to Canalys, market share of smartphone shipments in the third quarter ranked No. 1 in 11 countries and regions and among the top five in 59 countries and regions globally.