Xiaomi revenues lift 27% in Q1, as IoT, internet services offset slower smartphone growth

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(Telecompaper) Xiaomi said revenues for the first quarter rose 27.2 percent from the year before to CNY 43.8 billion, and that its operating profit lifted 12.5 percent to CNY 3.7 billion. The net profit however dipped almost 6 percent lower to CNY 3.2 billion.  
Source: Industry News (syndicated from Telecompaper.com)

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