Xiaomi has reported its earning for the first quarter (Q1 2020) of 2021 that ended March 31, 2021. It reported revenue of 76.9 billion yuan (US$ 12.03 billion), an increase of 54.7% compared to Q1 2020. Adjusted net profit (Non-IFRS Measure) was 6.1 billion yuan, an increase of 163.8% year-over-year. The company said that both the revenue and adjusted net profit reached record highs in the quarter. Revenue from overseas markets increased 50.6% year-over-year to 37.4 billion yuan. Continue reading “Xiaomi reports record revenue and profit, 163.8% increase in profit in Q1 2021”