Smartphones may be as good as it gets for Xiaomi. Boss Lei Jun is struggling to wring more money out of its evergrowing number of users. mak_robyn writes:
Chinese smartphone maker Xiaomi on Aug. 20 reported revenue in the three months to end-June of 52 billion yuan , an increase of 15% from a year earlier. The company said handset sales volume in the second quarter topped 32.1 million units, up slightly from 32 million units in the same quarter in 2018.
Adjusted earnings, after excluding share-based compensation and one-offs, rose 75% year on year to 3.6 billion yuan.
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