Xiaomi R&D Expenses

Research and Development expenses of Xiaomi 2016-2018

Amounts are in billion RMB

YearR&D expenses (RMB Bn)
20185.8
20173.2
20162.1

 Xiaomi is one of the largest five smartphone brands based upon shipment volume. According to IDC Xiaomi's total shipment volume was 122.6 million units. Based upon Xiaomi company's internal data, it sold 118.7 milion units of smartphones in 2018.  Over the last three years, Xiaomi has spent around RMB 11.1 Bn on Research and development. In 2018, it spent RMB 5.8 Bilion on Research and development.

Xiaomi Annual reports.