Revenue Surges and Profits Soar

News Snapshot:

Xiaomi continued its impressive trajectory in the first quarter of 2024, echoing the momentum it carried over from a successful 2023. The Chinese tech giant reported a robust 27% year-over-year increase in revenue, reaching a staggering €9.6 billion ($10.42 billion) between January and March. This stellar performance was further accentuated by a remarkable 100.8% surge in net profit. Reaching €842.7 million ($897.6 million) compared to the same period last year. Xiaomi Soars in Q1 2024: Strong Growth Across All Sectors This positive trend permeated all of Xiaomi’s core business segments, including smartphones, Internet of Things (IoT), internet services, and, most...