The company Xiaomi just disclose its financial report for the first half of this year, and the numbers were good. Revenue reached the equivalent of 13.56 million USD, this representing an increase of 20 percent compared to the first half of last year. Net profit revised 810.36 million USD, representing an increase of 49.8 percent compared with the first half of last year. When it comes to shipments of smart phones, the Xiaomi company of shipping 60 million units in this period despite the stagnation of the world market.
And when it comes out of the smart phone sector, it has proved series Smart TV from Xiaomi company is also their success took the company ranked first in China after it succeeded in shipping 5.4 million units during this period, and is now among the five best-selling TV in the world.
Said CEO of Xiaomi, Mr. Lei Jun he’s happy with the performance he commented that the company will announce its commitment to the direction of 5G and the Internet Of Things with increased expenditures on research and development. When it comes to investment, the total research and development expenses 467.44 million USD, representing an increase of 30 percent compared with the same period last year.
Open the Xiaomi company now that the solutions for the Internet Of Things and its now working on the 196 million devices all over the world. Increased revenue internet services section in the Chinese company to the US $ 1.25 million, an improvement of 108 percent compared with the first half of 2018.