Xiaomi’s fourth-quarter income rose 21.4 %, beating expectations

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.

Information abstract:

  • Xiaomi’s fourth-quarter income rose 21.4 %, beating expectations
  • Take a look at all of the information and articles from the most recent enterprise information updates.
Disclaimer: If you want to replace / edit this text, please go to our Assist Heart. Observe us for the most recent updates G.OOgLE News

Source link

Leave a Comment

%d bloggers like this: