Xiaomi has reported its earning for the fourth quarter (Q4 2018) and the whole financial year of 2018 that ended December 31, 2018. It reported revenue of 174.9 billion yuan (US$ 26.05 billion) for FY 2018, an increase of 52.6% compared to FY 2017, among which international revenue grew 118.1% year-on-year to 70.0 billion yuan, accounting for 40% of its total revenue. Net profit for year 2018 was approximately 13.478 billion yuan. Adjusted net profit (Non-IFRS Measure) was 8.6 billion yuan, up 59.5% YoY. Continue reading “Xiaomi posts 52.6% YoY increase in revenue in FY 2018, smartphone revenue up 41.3% YoY”