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According to the source, Xiaomi company has reported a fall in net profit at the end of the next quarter. Moreover, the profit of the Chinese giant fell from 87% to 278 million.
the Result is due both to the slowdown of the smartphone market in General or a decline in sales of Xiaomi in a number of markets.
the company's Revenue grew, and palpable: from 6.4 to 7.35 billion, or by 15%. This result is due to the reported increase in the average sales price of Xiaomi smartphones.
By the way, if we talk about smartphones, the company's revenue grew just 5%, to 4.32 billion dollars, that is the main reason for the growth in total revenues still lies outside this segment.
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