Xiaomi reported on the results for the past six months. Profit amounted to $ 13.56 billion – an increase of 20% compared to the same period last year. The company was able to sell sixty million smartphones, as well as good performance in the TV segment.
The Chinese company sold 5.4 million televisions, which allowed Xiaomi to enter the top five largest TV manufacturers in the world. The head of Xiaomi, speaking of further plans, noted the priority in the development of 5G and the Internet of things. Profit from services amounted to $ 1.25 billion – an increase immediately by 108%.
In addition, the company is going to invest more in research and development. Xiaomi has already spent $ 467 million in this direction – 30% more compared to last year.