- General
- August 26, 2020
- 3 minutes read
Brief: Xiaomi’s Q2 Results
Xiaomi CEO Lei Jun. Photo credit: World Economic Forum / Sikarin Thanachaiary, under Creative Commons license Smartphone maker Xiaomi has…
Xiaomi CEO Lei Jun.
Photo credit: World Economic Forum / Sikarin Thanachaiary, under Creative Commons license
|
Smartphone maker Xiaomi has announced its financial results for the second quarter of this year, reporting RMB 53 billion ($7.8 billion) in revenues and RMB4.5 billion ($650 million) in net income. Quarterly revenue is up 3.1% year-over-year and 7.7% quarter-over-quarter while profit is up 130% year-over-year and 108% quarter-over-quarter. In the second quarter of this year, Xiaomi ranked 4th globally in terms of smartphone shipments, according to research from Canalys.