One of the largest smartphone manufacturers based in China Xiaomi, sub brand Redmi 1 billion phones behind with left.
Senior Xiaomi official William Lu made a statement on this issue., “Today, we celebrate Redmi smartphones selling one billion units globally in the last 10 years! It was great to meet our local supply chain partners who have supported us throughout these 10 years. “We thank our users for their trust and support.” said. Xiaomi also announced its 2023 3rd Quarter Profit today. The following was stated on this subject: “Xiaomi Corporation, a consumer electronics and smart manufacturing company with smartphones and smart hardware connected to the Internet of Things (“IoT”) platform at its core, announced its unaudited consolidated results for the three-month period ending September 30, 2023. Xiaomi has significantly increased both its revenue and profitability by resolutely implementing its core operating strategies that focus on “focusing on scale and profitability” and delivering high quality.
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The Group experienced positive year-on-year quarterly revenue growth for the first time in the last six quarters and quarterly profit reached its highest level in two years. In the third quarter of 2023, the group’s total revenue increased to RMB 70.9 billion. Adjusted net profit reached RMB 6 billion, an increase of 182.9% compared to the previous year. “The group’s adjusted net profit in the first three quarters exceeded market estimates, reaching 1.7 times last year’s total.”