Xiaomi Q1 revenue boost by 5G phone sales

Xiaomi Q1 revenue boost by 5G phone sales

Xiaomi reported a 13.6% rise in Q1 revenue which stood at CNY 49.7bn. The company attributed this growth to higher sales volumes and increase in sales of 5G phones in China, as well as global sales. Profits fell by ~ one third due to a drop in the Xiaomi’s investments value in other companies. The company derives revenue from mobile handsets sales, online ads and other types of consumer hardware.

Milan
Milan
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