Xiaomi revenues lift 49% in Q3, boosted by international shipments

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(Telecompaper) Xiaomi said revenues for the third quarter rose over 49 percent from the year before to CNY 50.846 billion. The company’s net profit went to CNY 2.481 billion, a slide from the 14.6 billion recorded in the previous quarter. The adjusted net profit reached CNY 2.885 billion, up 17.3 percent year-on-year and 36.3 percent quarter-on-quarter. Smartphone shipments year-to-date passed 100 million units, reaching the company’s target two months ahead of schedule.
Source: Industry News (syndicated from Telecompaper.com)

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