Xiaomi reports profitable Q3, lead by good performance in India

Xiaomi has beaten analysts estimates with its Q3 performance. The Chinese maker ended the September quarter with CNY 2.48B (€312.6M) profit - a big step up from Q3 of 2017's CNY 11B loss. Xiaomi's revenue in Q3 of 2018 rose 49.1% to CNY 50.85B (€6.4B). Xiaomi's positive quarter was spearheaded by the maker's top-notch performance in the Indian market, where it was leading the smartphone sales. Xiaomi has set itself up for success by expanding its market presence in Europe by...

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