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Friday November 27, 2020

HUAMI records a 20% increase in revenue in the third quarter of 2020

HUAMI announced its financial report for the third quarter of 2020, which confirms that the company has achieved a 20% increase in revenue over the same quarter of last year.

The wearable devices market is witnessing a remarkable revival in the recent period, and shipments of smart watches and smart bands are also registering a clear growth in 2020, and Huami has had a large share of shipments this year.

The company HUAMI had presented Amazfit HomeStudio and Amazfit AirRun at CES at the beginning of 2020, and the company also introduced to the market the Amazfit PowerBuds and Amazfit Zenbuds recently, the company also recently introduced its new product line Zepp.

The company also introduced Amazfit T-Rex, Amazfit Bip S, Amazfit Bip S Lite, Amazfit Neo, Bip U, GTR 2, GTS 2 and Band 5 during 2020, while in its new brand it introduced Zepp E Circle and Zepp E. Square and Zepp Z.

The company generated $ 339.35 million in revenue in the third quarter of 2020, a 20% increase over the same quarter last year.

HUAMI shipments increased by 16% from last year, in which the company recorded shipments of 13.7 million units, to reach 15.9 million units this year, and the company’s financial report confirms that foreign shipments account for 50% of the company’s shipments this year.

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