Xiaomi rebounds with 13.5 billion yuan annual profit, targets greater international expansion

//Xiaomi rebounds with 13.5 billion yuan annual profit, targets greater international expansion

Xiaomi rebounds with 13.5 billion yuan annual profit, targets greater international expansion

Chinese smartphone giant Xiaomi Corp on Tuesday reported a net profit of 13.5 billion yuan (US$2 billion) for 2018, rebounding from its 43.9 billion yuan loss in 2017.The Beijing-based company’s total revenue grew 52.6 per cent to 174.9 billion yuan, but slightly missed the 176 billion yuan market average estimate from analysts’ forecasts compiled by Bloomberg.That was driven by a 41.3 per cent increase in global smartphone sales to 113.8 billion yuan over the previous year, as total shipments…

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By | 2019-03-19T11:27:03+00:00 March 19th, 2019|Technology|Comments Off on Xiaomi rebounds with 13.5 billion yuan annual profit, targets greater international expansion