Surging Smartphone Sales Propel Xiaomi to Higher Profits

News Snapshot:

Xiaomi Corporation shared its Q2 2024 financial results, and the company is doing well. Xiaomi’s revenue and profit grew, thanks to strong smartphone sales and the launch of its new electric vehicle, the SU7. The company is expanding its reach and products, showing its ability to grow in a fast-changing market. Strong Smartphone Sales Xiaomi’s smartphone sales were a big part of its success in Q2 2024. From April to June, Xiaomi earned CNY 46.5 billion (around $6.5 billion) from selling smartphones. This is a 27% increase from the same time last year. Xiaomi shipped 42.2 million smartphones, including models...