Best Phone Arena - Xiaomi made just $56.1 million profit in 2013, filing unveils, Xiaomi has filed a report back to the China Securities regulative Commission revealing its money state of affairs for 2013. the corporate had to disclose its 2013 results when getting a one.3% stake within the in public listed Media cluster Co. The documents reveal that the corporate is not as profitable as earlier reports recommended.
For 2013, Xiaomi reports a revenue of $4.3 billion (CNY twenty six.58 billion), however a net income of solely $56.15 million (CNY 347.48). in addition, the company's in operation profit of $78.46 million reveal the company's tight, a pair of in operation margin. that is considerably but Apple (28.7%) and Samsung (18.7%), that Xiaomi hopes to outgo within the returning years.
According to a recent report by Strategy Analytics, Xiaomi is currently the third largest smartphone maker when reordering LG with a five.6% market share. However, with the recent purchase of Motorola changing into official, Lenovo claims to own taken the third spot.
Xiaomi dilated its operations outside China not too some time past and Republic of India has been a crucial marketplace for the corporate. There, it's commerce the Redmi Note like hot cakes, however was recently ordered to prevent sales when found to infringe on Ericsson patents.
Post a Comment