/ / / Xiaomi's smartphone business grew massively last year, especially in Europe

Xiaomi's smartphone business grew massively last year, especially in Europe

Xiaomi Mi Mix 3

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).

The ...

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