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. Continue reading “Xiaomi posts 27.2% YoY increase in revenue in Q1 2019, smartphone revenue up 16.2% YoY”