Despite proving to be a pretty tough year for smartphone sales – the global market grew just 0.1% – Xiaomi has today published its 2018 financial results and the numbers are pretty impressive, to say the least.
As a whole, Xiaomi reported revenues of 174.9 billion yuan ($26.13 billion) for the entire year, representing strong year-over-year growth of 41.3%. Even more impressive was the company’s profit for the period, which grew a whopping 59.5% year-on-year to 8.5 billion yuan ($1.27 billion).
