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/ Xiaomi reports 60 million shipped phones in H1 2019
Xiaomi reports 60 million shipped phones in H1 2019
Xiaomi just released its financial report for the first half of 2019 and the numbers are good. Revenues stood at CNY 95.71 billion ($13.56 billion), a 20% improvement compared to the first half of last year. Adjusted net profits came out to CNY 5.72 billion ($810.36 million) which is a 49.8% year on year increase. Looking into phone shipments, Xiaomi managed to move 60 million units in the period despite stagnating global market. Outside of the smartphone business, Xiaomi's TV line also proved to be a big success as the company ranked first in China with 5.4 million units for the...
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