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Xiaomi sales growth slows to 3% in Q2, adjusted net profit falls 7%
2020-08-26 15:34:00| Telecompaper Headlines
(Telecompaper) Xiaomi reported a further slowdown in revenue growth in the second quarter. Revenues were up just 3.1 percent year-on-year to CNY 53.54 billion, as the coronavirus outbreak hurt sales in Europe, India and other markets. Gross profit rose 6.1 percent to CNY 7.70 billion, helped by a growing share of services in the sales mix, while adjusted net profit fell 7.2 percent to CNY 3.7 billion.
HEVC patent infringement suits brought against Vestel and Xiaomi
2020-08-17 06:30:12| Digital TV News
Certain patent owners in the HEVC Advance HEVC/H.265 Patent Pool have filed separate proceedings against Vestel and Xiaomi in Germany for infringing patents essential to the HEVC/H.265 video coding standard.
Tags: brought
patent
suits
infringement
Xiaomi launches new flagship, low-cost smartphones to mark 10th anniversary
2020-08-12 12:21:00| Telecompaper Headlines
(Telecompaper) Xiaomi has added two new smartphones to its line-up: the low-cost Redmi K30 Ultra and the top-of-the-range Mi 10 Ultra. The 5G phones go on sale in the coming week in China, from respectively CNY 1,999 and CNY 5,299.
Tags: mark
anniversary
10th
launches
Xiaomi revenue growth slows to 14% in Q1, margins improve on growing ASP
2020-05-20 14:52:00| Telecompaper Headlines
(Telecompaper) Xiaomi reported slower revenue growth in the first quarter, with sales up 13.6 percent to CNY 49.7 billion. While volumes slowed due to the coronavirus outbreak, the company managed to improve its average selling price thanks a greater focus on premium 5G models and continued expansion in Europe. Gross profit jumped 44.9 percent to CNY 7.56 billion, and adjusted net profit increased 10.6 percent to CNY 10.3 billion.
Tags: asp
improve
growth
growing
Xiaomi unveils new 'flagship killer' Poco F2 Pro, available from EUR 499
2020-05-12 18:10:00| Telecompaper Headlines
(Telecompaper) Xiaomi has unveiled its latest 'flagship killer' under the Poco brand. Tailored to tech enthusiasts, the Poco F2 Pro comes with the top-of-the-range Qualcomm Snapdragon 865 processor with 5G access and the latest LPDDR5 RAM and UFS 3.1 storage, as well as a quad rear camera, 6.67-inch Full HD+ Amoled display and 20-megapixel pop-up front camera.
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