[ad_1]
Chinese group Xiaomi, the world's fourth-largest supplier of smartphones, announced an 87 percent drop in net income to 1.96 billion yuan in the quarter ended June 30, as the global smartphone market continued to slow .
The company's second-quarter net profit fell to 2 billion yuan ($ 284 million) from 14.6 billion yuan a year earlier.
Total revenue grew 15 percent to 51.9 billion yuan (7.4 billion US dollars) from 45.2 billion yuan last year, due to the increase in the average selling price of smartphones. the society.
The company recorded a 33.1% increase in its sales in foreign markets, reaching 21.9 billion yuan in the second quarter, and Xiaomi promised to continue to create and develop new sales channels in the second quarter. detail outside of China.
Xiaomi said that the total smart phone shipments in the second quarter amounted to 32 million, bringing the figure to 60 million in the first half of 2019, despite the global market recession.
Topics related to what you are currently reading:
The Xiaomi TVs have met with great success: the company ranked first in China with 5.4 million units during this period and is now among the top five brands in the world in the television production.
Xiaomi earns most of its revenue from selling mobile phones, but also from money selling online advertising and consumer devices, but is looking for new sources, which encourages invest in artificial intelligence and smart home appliances.
The unit, which earns mostly money by displaying ads on different apps, accounted for 8.8% of Xiaomi's revenue.
Xiaomi is proud that its IoT solutions are now running on 196 million devices worldwide, excluding smartphones and laptops.
IoT products increased their turnover by 44% over the previous year, to 15 billion yuan, now accounting for 29% of total revenue this quarter.
Source link
