Insight: Xiaomi Smartphone Shipment Growth Continued to Slow Down in Q3 2025
2 Min Read December 8, 2025
Xiaomi grew shipments for 9 straight quarters in Q3 2025, but lower ASP cut revenue. Key markets such as China, India, and Russia saw mixed results.
In Q3 2025, Xiaomi continued its upward trend in global smartphone shipments for nine consecutive quarters, despite a slowdown in the year-over-year (YoY) growth rate. However, Xiaomi’s smartphone volume growth was unable to offset the lower ASP impact, resulting in a decline in wholesale revenue. In a few of Xiaomi’s key markets, such as China, India, and Russia, the company delivered mixed results.
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