Pedestrians walk past a Xiaomi Corp store in Hong Kong on May 25, 2021. The Beijing-based company was ranked as the world’s third-biggest smartphone vendor in the quarter to March. Photo: Bloomberg
Xiaomi keeps eye on global chip shortage as smartphone giant beats first-quarter earnings estimates
- Smartphone giant Xiaomi’s first-quarter profit beat market estimates to reach US$1.2 billion
- Revenue in the March quarter hit US$12 billion on expanded sales worldwide
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Pedestrians walk past a Xiaomi Corp store in Hong Kong on May 25, 2021. The Beijing-based company was ranked as the world’s third-biggest smartphone vendor in the quarter to March. Photo: Bloomberg
