Xiaomi, a Chinese technology company recognized for selling smartphones, released the news of a 21.4% increase in revenue in the last quarter of 2021, against a backdrop of global chip shortages and the pandemic.
Xiaomi’s president states that “the offer is in a very severe or tight position, and there is a geopolitical impact. However, Xiaomi’s performance showed that we are a resilient company.”
Smartphone sales rose by 4.4%, according to the company. Net profit reached 4.47 billion yuan, which beat experts’ forecast.
In recent years, Xiaomi has conquered space among the big technology companies for offering pleasant cell phones to the public at a more affordable price. Now, the company stands out with positive forecasts of financial returns in a period of chip crisis.
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