Tech
Xiaomi’s second-quarter revenue up 30.5%, boosted by smartphones
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A rise in sales of smartphones, especially in Southeast Asia, helped to boost Xiaomi‘s second-quarter revenue by 30.5%, the smartphone and EV company said on Tuesday.
Revenue for the quarter ended June 30 was 116 billion yuan ($16.16 billion), beating the 114.7 billion yuan average of 15 analyst estimates compiled by LSEG.
Adjusted net profit rose 75.4% year-on-year to 10.8 billion yuan, exceeding the average estimate of 10.1 billion yuan, according to LSEG data.
The world’s third-largest smartphone maker became the bestselling smartphone brand in…
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