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Published on 24/11/2020 4:29:31 PM | Source: IANS

Xiaomi announces 4.1 billion yuan adjusted net profit in third quarter as smartphone shipments surge

Posted in Top Stories| #Smart Phone #World Market #Xiaomi

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SHENZHEN - Xiaomi Corp announced an adjusted net profit of 4.1 billion yuan ($623.47 million) for the third quarter, as smartphone shipments urged 45.3% on a year earlier.

Smartphone revenue grew to 47.6 billion yuan, an increase of 47.5% in the same period.

(Reporting by David Kirton, editing by Louise Heavens)