Xiaomi this week reported its earning for the third quarter (Q3 2018) that ended September 30, 2018. It reported revenue of 50.846 billion yuan (US$($7.3 billion), an increase of 49.1% year-on-year, among which international revenue grew 112.7% year-on-year to 22.3 billion yuan, accounting for 43.9% of total revenue. Net profit for the third quarter was 2.481 billion yuan ($357 million) for the quarter. Adjusted profit (Non-IFRS Measure) increased was 2.885 billion yuan, up 17.3% YoY and up 36.3% QoQ. Continue reading “Xiaomi reports 49.1% YoY increase in revenue in Q3 2018, smartphone revenue up 36.1% YoY”