Xiaomi has announced its earning for the second quarter (Q2 2019) that ended June 30, 2019. It has reported revenue of 51.951 billion yuan (US$ 7.35 billion) for Q1 2019, an increase of 14.8% YoY, among which international revenue grew 33.1% year-on-year to 21.9 billion yuan. Net profit for the quarter was approximately 1.96 billion yuan. Adjusted net profit (Non-IFRS Measure) was 3.64 billion yuan, up 71.7% YoY. Continue reading “Xiaomi posts 14.8% YoY increase in revenue in Q2 2019, 32.1 million smartphones shipped”