As Xiaomi took the wraps off its long-awaited Mi 10 annual flagship smartphone, the Chinese phone maker made a voluntary announcement, stating the company’s total revenue for last year is likely to surpass 200 billion yuan (US$28 billion).
Moreover, the announcement confirmed that Xiaomi’s R&D (research and development) expenses are envisioned to be about 7 billion yuan (~US$1 billion). Concurrently, the company’s R&D investment for this entire year is expected to surpass RMB 10 billion (~US$1.43 bn).
Aside from that, Xiaomi said it will continue to be devoted to the technology industry and continue investing in research and development. Xiaomi will not deviate its focus from 5G + AIoT in an attempt to broaden its leading edge in IoT. By the end of this year i.e. December 31st, the company’s yearly R&D expenses are likely to exceed RMB 10 billion.
It is worth noting that Xiaomi has stated that the 2019 final results are currently been reviewed, which means, there are chances that the final figures may turn out to be different.
The recently announced Mi Mix Alpha is a result of Xiaomi’s investment into R&D. Although touted as a concept phone, the foldable phone is slated to go into small-scale production. The company planned to launch the Mi Mix Alpha in December last year but decided to postpone the launch indefinitely.
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In addition to that, Xiaomi has the bragging rights for releasing the world’s fastest wireless charging technology. Last year, the tech giant announced the new Mi Charge Turbo with capabilities of delivering up to 30W of fast wireless charging.
Wireless charging technology has always been associated with slow charging speeds, but by introducing the Mi Charge Turbo, Xiaomi managed to amend its run-down reputation. The new charger offers relatively faster speeds as compared to its 27W wired charging tech that usually comes with bundled with its flagship devices.
Even the newly announced Mi 10 models feature 30W fast wireless charging as default.
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