Chinese language smartphone maker Xiaomi Corp on Tuesday reported 21.4 % higher-than-expected fourth-quarter earnings within the wake of a gradual restoration within the cellphone trade exports because of a world chip scarcity and the severity of the epidemic. In keeping with Refinitiv knowledge, income for the quarter ended December 31 was 85.58 billion yuan ($ 13.45 billion), up from 70.46 billion yuan within the earlier 12 months and 81.80 billion yuan by analysts.
Xiaomi mentioned in an announcement that smartphone shipments rose 4.4 % to 44.1 million items in the course of the quarter. Internet earnings rose 39.6 % to 4.47 billion yuan, which additionally exceeded analysts’ expectations.
- Xiaomi’s fourth-quarter income rose 21.4 %, beating expectations
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