Xiaomi Rides Smartphone Shipment Surge to Post 19-Percent Jump in Profit

Xiaomi reported a 19 percent jump in third quarter net profit on Tuesday, beating estimates, as the Chinese smartphone maker’s smartphone shipments over the quarter surged by 45.3 percent on a year earlier. Smartphone revenue grew to CNY 47.6 billion (roughly Rs. 53,500 crores), an increase of 47.5 percent in the same period, it said … Read more Xiaomi Rides Smartphone Shipment Surge to Post 19-Percent Jump in Profit

Xiaomi Rides Smartphone Shipment Surge to Post 19-Percent Jump in Profit

Xiaomi reported a 19 percent jump in third quarter net profit on Tuesday, beating estimates, as the Chinese smartphone maker’s smartphone shipments over the quarter surged by 45.3 percent on a year earlier. Smartphone revenue grew to CNY 47.6 billion (roughly Rs. 53,500 crores), an increase of 47.5 percent in the same period, it said … Read more Xiaomi Rides Smartphone Shipment Surge to Post 19-Percent Jump in Profit