Donald Trump’s tenure was marked by the trade war between Washington and Beijing and the US sanctions against the Chinese company Huawei. In addition, the Trump administration blacklisted Xiaomi from the Department of Defense prior to the end of his mandate.
These sanctions are different from Huawei’s. However, the fact that Xiaomi was on the Pentagon’s Chinese Communist Military Companies list prohibited Americans from investing in the group.
Xiaomi, of course, denied these allegations and took the case to the American judiciary to defend its interests. A first victory was achieved on March 15, when the judge ordered the provisional removal of Xiaomi from this Pentagon list.
In early May, we learned that the US government had finally agreed to stop adding Xiaomi to the list. As reported in a Bloomberg article, the two parties have reached an agreement to resolve the dispute without a dispute.
And today Xiaomi officially leaves this Pentagon list. This was announced by the Chinese company on its website: The District Court of Columbia has issued a final order revoking Xiaomi’s expulsion from the Ministry of Defense as a “Chinese Communist Military Society” (CCMC).
“The company appreciates the trust and support of its users, partners, employees and shareholders around the world. The company affirms that it is a public, transparent, publicly traded, independently operated and managed company. The company will continue to provide users with reliable consumer electronics products and services and tirelessly manufacture amazing products at fair prices so that everyone in the world can lead a better life through innovative technology, ”we read in the press release.
Xiaomi can therefore breathe as it will continue to benefit from American investments.
Xiaomi: smartphone sales explode
The good news for Xiaomi continues. In fact, the manufacturer has just announced its quarterly results for the first three months of 2021. During this period, the group achieved a record performance, taking advantage of Huawei’s decline.
In the quarter, Xiaomi generated more than 9.8 billion euros, an increase of 54.7 euros compared to the same period last year. In total, the company has shipped more than 49.4 million smartphones, and sales generated from these smartphones are up 69.8% year over year in the same period in 2020.
“In the first quarter of 2021, our total revenue and adjusted net income for the quarter hit record levels. This shows the strength of our business model and the solid implementation of our strategies. The strong growth in smartphone shipments has resulted in a continuous expansion of our global user base. Our AIoT platform has evolved worldwide, ”says the company.
Also note that Xiaomi continues to make strides in the premium smartphone segment where it competes with Apple. In fact, Xiaomi shipped more than 4 million high-end devices in the quarter. The market share in this segment was 16.1%.
Xiaomi’s premium offer currently includes both the Mi 11 and the Mi 11 Ultra, which we have already been able to test on Presse-Citron.
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