Xiaomi reports profitable Q3, lead by good performance in India
Xiaomi has beaten analysts estimates with its Q3 performance. The Chinese maker ended the September quarter with CNY 2.48B (€312.6M) profit - a big step up from Q3 of 2017's CNY 11B loss.
Xiaomi's revenue in Q3 of 2018 rose 49.1% to CNY 50.85B (€6.4B).
Xiaomi's positive quarter was spearheaded by the maker's top-notch performance in the Indian market, where it was leading the smartphone sales.
Xiaomi has set itself up for success by expanding its market presence in Europe by entering the United Kingdom but analysts don't expect its profits to expand until it manages to boost its flagship sales. Currently Xiaomi ships phones with smaller price margins, which yield great market share but not as great profit.
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Reader comments
- ashita no joe
- 20 Nov 2018
- N7%
ah i will like some anime themed phones from xiaomi they do release limited edition hatsune miku editions once a year in china/japan but they should do it everywhere
- ipolit.matveich
- 19 Nov 2018
- n{i
They are doing really well. I have some notes concerning the design of their devices, but at these prices, such notes can be omitted. Definitely they are losing me as a loyal customer, since I refuse to buy a big phone anymore, but this is not import...
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