Xiaomi has reported its earning for the first quarter (Q1 2019) that ended March 31, 2019. It has reported revenue of 43.8 billion yuan (US$ 6.33 billion) for Q1 2019, an increase of 27.2% YoY, among which international revenue grew 34.7% year-on-year to 16.8 billion yuan. Net profit for the quarter was approximately 3.2 billion yuan. Adjusted net profit (Non-IFRS Measure) was 2.1 billion yuan, up 22.4% YoY and 12.3% QoQ. Smartphones segment posted 27 billion yuan, up 16.2% year over year. Smartphone shipments reached 27.9 million units, almost same as previous year. Redmi Note 7 series shipments exceeded 4 million units and the Mi 9 series smartphones surpassed 1.5 million unit shipments. Xiaomi’s revenue from international markets grew 34.7% year-on-year to RMB16.8 billion. Revenue from IoT and lifestyle products segment rose by 56.5% to RMB12.0 billion Global shipments of the smart TVs reached 2.6 million units, representing a year-on-year growth of 99.8%. Number of connected IoT devices (excluding smartphones and laptops) on Xiaomi’s IoT platform reached approximately 171 million units, a quarter-over-quarter increase of 13.7% and a year-on-year increase of 70.0%. Revenue from internet services segment grew 31.8% year-on-year to RMB4.3 billion in the first quarter of 2019. Advertising revenue ...
Read Here»
Post a Comment Blogger Facebook
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. As the comments are written and submitted by visitors of The Sheen Blog, they in no way represent the opinion of The Sheen Blog. Let's work together to keep the conversation civil.