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Xiaomi beats expectations with 56.47B revenue in Q4

By Phate Zhang
Mar 31, 2020 at 6:27 PM UTC
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Xiaomi beats expectations with 56.47B revenue in Q4-CnTechPost

Xiaomi's revenue in the fourth quarter was 56.47 billion yuan, which was higher than the market expectation of 54.878 billion yuan. In the same period of 2018, Xiaomi's revenue was 44.421 billion yuan.

Net profit in the fourth quarter of 2019 was RMB 2.436 billion, compared with RMB 3.4 billion in the same period last year.

Revenue in 2019 was 205.84 billion yuan, and the market is expected to be 206.382 billion yuan, compared with 174.915 billion yuan in the same period last year.

Net profit in 2019 was 11.76 billion yuan, and the market is expected to be 10.147 billion yuan, compared with 13.554 billion yuan in the same period last year.

In 2019, the revenue of the smart phone segment reached RMB 122.1 billion, a year-on-year increase of 7.3%.

In the fourth quarter of 2019, Xiaomi's smartphone revenue reached RMB 30.8 billion, a year-on-year increase of 22.8%.

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