Tuesday, August 20, 2019

Xiaomi misses expectations with Q2 revenue of $7.36B, up 15% YoY, and profit of $277M, down 87% YoY; total smartphone shipments rose to 32M (Reuters)

Reuters:
Xiaomi misses expectations with Q2 revenue of $7.36B, up 15% YoY, and profit of $277M, down 87% YoY; total smartphone shipments rose to 32M  —  SHANGHAI (Reuters) - China's Xiaomi Corp (1810.HK) reported 15% growth in quarterly revenue on Tuesday, its slowest ever, as fewer people bought smartphones …



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