Xiaomi reports 68.3% increase in revenue in Q2 2018, smartphone revenue up 58.7% YoY

Xiaomi today reported its earning  for the second quarter (Q2 2018) and first half of 2018 (H1 2018) ended June 30, 2018. It reported revenue of 45.24 billion yuan (US$6.60 billion), an increase of 68.3% year-on-year, among which international revenue grew 151.7% year-on-year to 16.4 billion yuan, accounting for 36.3 percent of total revenue. Operating (loss) was 7.5 million yuan compared to 3.6 million the same quarter last year. Adjusted profit grew 25.1% to 2.1 billion yuan year-on-year. All business
segments achieved strong revenue growth, with the fastest growth seen in our IoT and lifestyle products segment, said Xiaomi.

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