The Chinese company Xiaomi currently has in its portfolio a number of electronic devices, although at first the company was known mainly for creating smartphones. However, it must be admitted that the company is doing very well in other market segments, which is confirmed by the company's financial reports. A few hours ago on the Internet, the manufacturer published his financial report for the third quarter of the current calendar year.
During the third quarter of 2019, Xiaomi recorded an overall revenue of 7.63 billion of dollars, and earnings of 1.3 billion of dollars. Compared to the result from 2018, this is an increase of 37.1% in aspect of earnings. Interestingly, Xiaomi recorded a decrease in sales in its main segment, i.e. smartphone sales. 32.1 million Xiaomi smartphones were sold during the whole quarter, which in comparison with the result from the previous year gives a decrease of 7.8%.