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Wireless

Xiaomi grows Q4 revenue 25% after smartphone shipments jump 30%

Wednesday 24 March 2021 | 12:35 CET | News
Xiaomi reported fourth-quarter revenues of CNY 70.5 billion, up 24.8 percent year-on-year. The company shipped 42.3 million smartphones in the period, up 29.7 percent from a year earlier thanks to strong growth in its home market China and continued expansion abroad. Net profit more than tripled, to CNY 8.8 billion from CNY 2.4 billion a year ago, and rose 36.7 percent on an adjusted basis to CNY 3.2 billion. 

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Categories: Mobile & Wireless
Companies: Xiaomi
Countries: World
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