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 - Copyright CHINA STRINGER NETWORK(Reuters)

By Reuters

Published on 27/11/2019 - 17:35•Updated 23/04/2024 - 21:12

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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.