Date: 7 months ago   Category: IT & Media

The revenue of Xiaomi in the III quarter grew by 49.1% — to $7.3 billion — Rambler News Service


The revenue of Xiaomi in the III quarter 2018 grew by 49.1% to 50.8 billion yuans ($7.3 billion) in comparison with the same period of last year, follows from financial statements of the company. The net profit of the company was 2.5 billion yuans ($357.2 million) as a result of increase in sales of smartphones the number of monthly active users grew by 43.4% from 156.5 million in September, 2017 up to 224.4 million in September, 2018. Average income from one user for the III quarter also increased by 29.4% year on year up to 21.1 yuans ($3). Growth in incomes in the company is explained with successful sales in the European and Indian markets. "According to Canalys, our deliveries of smartphones to Western Europe grew by 386% year on year, and we took the fourth place on volumes of deliveries of smartphones in the third quarter 2018. Our deliveries of smartphones for India and Indonesia also grew by 31% and 337%" — it is said in the statement of the company.

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