China’s Xiaomi Q4 2023 revenue rises 11%, beats estimates

China’s Xiaomi Q4 2023 revenue rises 11%, beats estimates

March 19, 2024 / Riah Marton /


CHINESE smartphone maker Xiaomi reported a 10.9 per cent rise in fourth-quarter revenue on Tuesday (Mar 19), boosted by strong smartphone sales in an industry showing signs of recovery.

Revenue reached 73.24 billion yuan (S$13.7 billion) in October-to-December quarter, versus the 73.17 billion yuan average of 15 analyst estimates compiled by LSEG.

Adjusted net profit rose 236.1 per cent from the same period a year earlier to 4.9 billion yuan. That compared with the 3.89 billion yuan average analyst estimate. REUTERS

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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