Xiaomi profit grows in second quarter, boosted by premium phone sales

  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Xiaomi profit grows in the second quarter, boosted by premium phone sales

) overseas sales have returned to pre-pandemic levels, its acting CFO said on Wednesday, as it announced profit had more than doubled in the second quarter on the back of strong growth in its high-end smartphone business.

However, sales of premium phones in overseas markets were up by 99.2% year on year, with average selling prices rising 11.8% in that period. Xiaomi has relied increasingly on overseas markets such as India to boost growth as it struggles with competition from Huawei, the market leader in China. FILE PHOTO: A man uses his smartphone next to the Xiaomi brand's store in central Kiev, Ukraine February 11, 2020. REUTERS/Valentyn Ogirenko

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

IAF_MCC NorthernComd_IA ChinarcorpsIA PMOIndia narendramodi rajnathsingh AmitShah MEAIndia DrSJaishankar ShivAroor EOIBeijing desertfox61I Chopsyturvey China🇨🇳is finished.. They will run away from occupied Indian🇮🇳territories now 🤦🏻‍♂️🤷🏻‍♂️

Xiaomi 10 Pro is in sale.

Corrupt firm acting as a technological arm of the evil Chinese Communist Party! Ban All Xiaomi Products!

Baby Huawei = Another CCP spy organization. Don't buy their phones or equipment.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Salesforce spikes 29% on blockbuster earnings and boosted full-year forecast | Markets InsiderSalesforce.com blew earnings expectations out of the water after markets closed on Tuesday, trouncing expectations for second-quarter profits an...
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon says Whole Foods sales grew last quarter - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Whole Foods always sucked.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Dick's Sporting Goods shares jump after earnings soar past expectationsDick's Sporting Goods Inc. undefined stock soared 11.4% in Wednesday premarket trading after the athletic retailer reported second-quarter earnings and sales... boycottdicks
Source: MarketWatch - 🏆 3. / 97 Read more »