Xiaomi reports 13.6% increase in revenue for Q1 2020, higher gross profit

Xiaomi reports 13.6% increase in revenue for Q1 2020, higher gross profit

Xiaomi published its financial results for the first quarter of 2020 and the numbers are up across the board, despite the difficult market situation. Total revenue was up 13.6% year on year to CNY 49.7 billion, beating the estimations. Gross profit increased significantly, up 44.9%, to CNY 7.56 billion, despite the higher R&D expenses (CNY […]