Xiaomi’s smartphone sales back to pre-pandemic levels
The Chinese electronics company’s profits more than doubled in the second quarter, with revenue up 3.1%
26 August 2020 - 16:55
Shenzen/Shanghai — Xiaomi’s overseas sales have returned to pre-pandemic levels, its acting CFO said on Wednesday, as it announced that profit more than doubled in the second quarter on the back of strong growth in its high-end smartphone business.
Revenue rose 3.1% in the quarter ending June 30, while sales rose to 53.54-billion yuan ($7.77bn), beating analysts’ expectations. Revenue was up from 51.95-billion yuan in the same period a year earlier...
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