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Hi-Tech / Program

Xiaomi's net profit fell by 87%, but revenue grew

IXBT.com fresh news all the sections together 20.08.2019 at 17:22

IXBT.com (http://www.ixbt.com) — specialized Russian information-analytical server, covering the hardware of personal computers, communications and servers, 3D graphics and audio, digital photo and video, Hi-Fi equipment and projectors, mobile phones and peripherals, gaming applications and more.

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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