Its revenue Xiaomi for the third quarter of 2019 were higher than ever, as they rose to 7,63 billion dollars.
ΤThe company's IoT and Smart Home divisions were the main drivers behind this revenue increase, while the company's revenue from Smartphone sales fell slightly.
Smartphone sales still account for the bulk of the company's sales, amounting to $ 4,59 billion. However, this number is 7,8% lower than last year. Xiaomi sold a total of 32,1 million smartphones in the third quarter of this year, which ranks it fourth in the world (with a market share of 9,2% according to Canalys).
IoT and other consumer electronics accounted for $ 2,22 billion in total revenue, up 44,4% from the same quarter last year. Xiaomi's smart TVs and laptops brought in just $ 824 million in revenue, representing a 36,5% year-on-year increase.
Xiaomi's global expansion into markets beyond Asia is finally coming to fruition - as the company's revenue from markets outside China rose 17,2% in the third quarter to almost half of its total turnover for Semester.
The company's net profit for the first nine months of 2019 amounted to $ 1,3 billion - an increase of 37,1% over the same period last year. If we compare the profit of 1,3 billion dollars that the company had in the first nine months, it is greater than what Xiaomi had throughout 2018.
[the_ad_group id = ”966 ″]
ΜDo not forget to join (register) in our forum, which can be done very easily by the following button…
(If you already have an account in our forum you do not need to follow the registration link)
Follow us on Telegram!
