Xiaomi reports 27.2% revenue growth in Q1

0 Comment(s)Print E-mail Xinhua, May 21, 2019
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Donovan Sung, director of Product Management Xiaomi Global, is presenting the new Mi MIX3 at a press conference on the eve of the Mobile World Congress (MWC2019) in Barcelona, Spain, on Feb. 24, 2019. [Photo/VCG]

China's tech giant Xiaomi reported a 27.2-percent increase in revenue in the first quarter of this year.

Its revenue in the first three months of 2019 totaled nearly 43.8 billion yuan (about 6.4 billion U.S. dollars), the Beijing-headquartered company announced Monday in an unaudited quarterly financial report.

Net profits of the company grew 22.4 percent on a year-on-year basis to 2.1 billion yuan.

Revenues from its smartphone segment stood at 27 billion yuan, a rise of 16.2 percent from the same period last year.

As of Q1, active users of MIUI, the phone operating system developed by Xiaomi, reached 260.9 million, up 37.3 percent.

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