• 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.




Leave a Reply

Your email address will not be published. Required fields are marked *