Xiaomi posts revenue growth in Q2 despite headwinds in key markets

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Xiaomi Corp reported a 3.1per cent rise in second-quarter revenue on Wednesday, as overseas demand for its premium smartphones rose even while key markets struggled with the pandemic.

People walk past a Xiaomi store in Shenyang, Liaoning province, China June 12, 2018.

SHENZHEN, China: Xiaomi Corp reported a 3.1per cent rise in second-quarter revenue on Wednesday, as overseas demand for its premium smartphones rose even while key markets struggled with the pandemic.

Sales in the quarter ending June 30 rose to 53.54 billion yuan (US$7.77 billion) from 51.95 billion yuan in the same period prior year, beating analysts’ expectations of 51.41 billion yuan.

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