Xiaomi revenue exceeds $9 billion in Q3, report reveals

22 November 2023
Its cash reserve reached a record high of $17 billion.

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Way larger profit margin than I expected. Goes to show how much other companies are scamming y'all.

    That's nice. Now let's see Paul Allen's net profit earnings.

    *let's see if people got the reference. Also, Samsung/Google/Apple.

      • ?
      • Anonymous
      • XMF
      • 24 Nov 2023

      ElGreco, 22 Nov 2023I wonder what happened with the 5% margin cap?... https://... moreThe commitmemt is for net profit. The article wrote gross profit margin, which is far slimmer than Apple (think 60-ish percent?)

        ElGreco, 22 Nov 2023I wonder what happened with the 5% margin cap?... https://... moreIt was axed years ago if my memory recall correctly. It's been some period that they have a LOT of money made; thus the shift in EV like Huawei did.

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          • Anonymous
          • 70d
          • 23 Nov 2023

          Anonymous, 22 Nov 2023Sales of iphone 14 alone generate way more money What's your point?

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            • Anonymous
            • tZk
            • 23 Nov 2023

            Anonymous, 22 Nov 2023Sales of iphone 14 alone generate way more money Part of it paid for your trolling fees?

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              • Anonymous
              • gLM
              • 23 Nov 2023

              Anonymous, 22 Nov 2023Sales of iphone 14 alone generate way more money Product established years earlier. Much older and wealthier clientele. Halo effect from its computers. More extensive marketing. Popular in the US. Not a surprise.

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                • ravi4ever
                • y2g
                • 23 Nov 2023

                cash reserve in billions, may be more than what Elon has, thus getting into making EVs

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                  • AnonD-1073493
                  • 3c3
                  • 23 Nov 2023

                  $9 billion?? hmm... I should make my own phone company 🤔

                    Anonymous, 22 Nov 2023Sales of iphone 14 alone generate way more money And so FRICKING what?
                    Do they have to be pulling Apple like profits, to be qualified as doing well?

                      Anonymous, 22 Nov 2023Sales of iphone 14 alone generate way more money Apple is an excellent brand but it is not the only one.

                        Good for Xiaomi! congratulations

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                          • Anonymous
                          • X5u
                          • 22 Nov 2023

                          Anonymous, 22 Nov 2023Sales of iphone 14 alone generate way more money Then create your own article about that . This article is for xiaomi

                            Also congratulations with your redmis 1billion units sold

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                              • ElGreco
                              • qEb
                              • 22 Nov 2023

                              I wonder what happened with the 5% margin cap?...
                              https://asia.nikkei.com/Business/Companies/China-s-Xiaomi-caps-hardware-profit-margin-at-5-indefinitely
                              Guess they don´t keep their promises to the market and shareholders. Should mean Xiaomi is no longer priceworthy?...

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                                • Anonymous
                                • rKU
                                • 22 Nov 2023

                                This is good news for xiaomi

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                                  • Anonymous
                                  • rKU
                                  • 22 Nov 2023

                                  Anonymous, 22 Nov 2023Sales of iphone 14 alone generate way more money No one asked about that in a xiaomi centric article

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                                    • Anonymous
                                    • 056
                                    • 22 Nov 2023

                                    Anonymous, 22 Nov 2023Sales of iphone 14 alone generate way more money Only if you count the 30% tax and all the various clients paying 15 billion dollars per year for data harvesting. Apple has not shared hardware sales numbers for nearly a decade as they now prioritise easy money off other companies' work.

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                                      • Anonymous
                                      • vaS
                                      • 22 Nov 2023

                                      Nick, 22 Nov 2023I guess we will see some sanctions soon. :DThey used to be banned but were finally removed from blacklist after Trump stepped down. It's complicated.
                                      https://www.slashgear.com/1219192/why-xiaomi-phones-are-not-sold-in-the-us/

                                        This is very good, Q3 was the time when Redmi 12, Poco F5, K60 Ultra and Mix Fold 3 were sold, no wonder they got these results.

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