BREAKING NEWS

Smartphone maker Xiaomi posts slowest-ever revenue growth in third quarter

Smartphone maker Xiaomi posts slowest-ever revenue growth in third quarter
FILE PHOTO: People walk past a Xiaomi store in Shenyang, Liaoning province, China June 12, 2018. Picture taken June 12, 2018. REUTERS/Stringer -
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CHINA STRINGER NETWORK(Reuters)
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SHANGHAI (Reuters) – Chinese smartphone maker Xiaomi Corp <1810.HK> on Wednesday posted Q3 revenue of 53.6 billion yuan (£5.9 billion) in revenue, in line with analyst estimates.

The company’s adjusted net profit hit 3.47 billion yuan, also meeting analyst expectations.

(Reporting by Josh Horwitz)

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