Xiaomi posts forecast-beating first-quarter sales

May 20, 2019

SHANGHAI (Reuters) – Chinese smartphone maker Xiaomi Corp posted better than expected quarterly revenue on Monday, citing steady growth in smartphone sales.

Its sales reached 43.8 billion yuan ($6.33 billion) in the first quarter, up from 34.4 billion yuan a year earlier, beating analyst expectations of 42.1 billion yuan.

Adjusted net profit rose to 2.1 billion yuan over the period.

(Reporting by Josh Horwitz; Editing by David Goodman)

Comments (No)

Leave a Reply