Xiaomi’s Q2 profits rose more than 70%, driven by stellar overseas sales

As the Xiaomi launches its latest phone in Europe, the Mi 9T Pro, strong sales in overseas markets are said to be a major factor in the Chinese company's stellar second-quarter financial results. A year-on-year increase in net profit of 71.7% to has been reported, up to RMB 1.96 billion in Q2 2019.

According to a new blog post, "consensus-beating" performance in the smartphone and AIoT sectors led an efficient and resilient operation that achieved a 20.2% increase in revenue to RMB 95.71 billion for the first half of 2019 compared against the same period last year.

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Xiaomi’s Q2 profits rose more than 70%, driven by stellar overseas sales was written by the awesome team at Android Police.

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