Xiaomi’s second-quarter revenue up 30.5%, boosted by smartphones

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A rise in sales of smartphones, especially in Southeast Asia, helped to boost Xiaomi‘s second-quarter revenue by 30.5%, the smartphone and EV company said on Tuesday.

Revenue for the quarter ended June 30 was 116 billion yuan ($16.16 billion), beating the 114.7 billion yuan average of 15 analyst estimates compiled by LSEG.

Adjusted net profit rose 75.4% year-on-year to 10.8 billion yuan, exceeding the average estimate of 10.1 billion yuan, according to LSEG data.

The world’s third-largest smartphone maker became the bestselling smartphone brand in…



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Xiaomi’s second-quarter revenue up 30.5%, boosted by smartphones



A rise in sales of smartphones, especially in Southeast Asia, helped to boost Xiaomi‘s second-quarter revenue by 30.5%, the smartphone and EV company said on Tuesday.

Revenue for the quarter ended June 30 was 116 billion yuan ($16.16 billion), beating the 114.7 billion yuan average of 15 analyst estimates compiled by LSEG.

Adjusted net profit rose 75.4% year-on-year to 10.8 billion yuan, exceeding the average estimate of 10.1 billion yuan, according to LSEG data.

The world’s third-largest smartphone maker became the bestselling smartphone brand in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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