Xiaomi reports 0.6% revenue increase for third quarter

Baic Motor

20/11/2023 09:58

BEIJING, Nov 20 (Reuters) - Xiaomi Corp  1810.HK 
reported a small increase in revenue for the third quarter as
smartphone shipments failed to gain much traction amid a
faltering recovery for China's economy.
    Sales came in at 70.9 billion yuan ($9.83 billion), beating
an average estimate of 70.2 billion yuan drawn from 13 analysts
surveyed by LSEG.  

($1 = 7.2111 Chinese yuan)

 (Reporting by Yelin Mo in Beijing and Brenda Goh in Shanghai;
Editing by Jacqueline Wong)
 ((yelin.mo@thomsonreuters.com;))