{
  "id": 2106828,
  "title": "Xiaomi Hits $16.2 Billion Revenue, Smartphone Selling Price Reaches Record High",
  "url": "https://urgent.news/2026/08/20/xiaomi-hits-16-2-billion-revenue-smartphone-selling-price-reaches",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T08:30:08.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/08/20/xiaomi-hits-16-2-billion-revenue-smartphone-selling-price-reaches-record-high/"
  },
  "original_language": "en",
  "account": "Xiaomi reported a revenue of $16.2 billion for the second quarter of 2026, marking the highest smartphone selling price at $200 on record. The company's gross profit margin stood at 19.8% with an adjusted net profit of $919 million. Xiaomi's smartphones and AIoT businesses generated most of the revenue at $12.6 billion, which included $6.3 billion from smartphones and $4.7 billion from IoT and Lifestyle Products. Premium smartphones accounted for 32.1% of all smartphones sold in Mainland China, a growing segment. Xiaomi's R&D spending increased significantly, with $3.7 billion invested this year and expected to surpass $5.9 billion for the full year. The company's MiMo-V2.5 large language model generated 10.5 trillion tokens, ranking first globally during that period. Despite strong performance in wearables and true wireless stereo products, Xiaomi's smartphone shipments dropped by 26.3% compared to the same quarter last year, with a 11.5% market share globally.",
  "summary": "Xiaomi reported revenue of $16.2 billion for the second quarter of 2026. The company recorded a gross profit margin of … Read More The post Xiaomi Hits $16.2 Billion Revenue, Smartphone Selling Price Reaches Record High appeared first on ProPakistani .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}