Riding profit high, Xiaomi is surging into more markets in 2019

Smart Android And Trik-Commenting on Andorid indeed never endless, because smart devices this one is often updated every certain amount of time. So that the market can always be garapnya menerinya with pleasure. And it is not denied if this device has become the lifestyle of each society. To not wonder if the 6th business information and many are turning to mobail smartphone. With Android which thoroughly dominated the mobile industry, choosing the best Android smartphone is almost identical to choose the best smartphone, period. But while Android phones have few real opponents on other platforms, internal competition is intense.

From the sleek devices impress with the design premium, up to a full plant furniture features, to a very good device, and affordable mobile phone has a heavy weight, the Android ecosystem inhabited by a diverse range of attractive mobile phone Riding profit high, Xiaomi is surging into more markets in 2019 Riding profit high, Xiaomi is surging into more markets in 2019,But "oversize" are subjective, and sometimes pieces of the specification and a list of features is not enough to get an idea of how good a phone. In this roundup, we look at the absolute best-the Android phone you can't go wrong with. The habits of young people or to accentuate trand blindly lifestyle, make this a medoroang this clever device industry vying to do modifications to the device, with a distinctly vitur vitur-tercanggihnya. So it can be received over the counter Riding profit high, Xiaomi is surging into more markets in 2019

Xiaomi made headlines when it announced a five percent cap on profits last year (even though that comes with a few caveats). You'd think the firm wouldn't be making much in the way of a profit as a result, but the company has beat estimates for its Q4 2018 results.

Xiaomi's net profit for the quarter surged to 1.85 billion yuan (~$275.59 million), according to Reuters. The news outlet added that this figure exceeded a 1.7 billion yuan (~$253.2 million) average forecast by ten analysts. The company also took to Twitter to report a 6.6 billion yuan net profit for the fiscal year, claiming year-on-year growth of 59.5 percent.

Read: Xiaomi enters the crowded payments space in India with Mi Pay

The Chinese brand added that its hardware business had a net profit margin of under one percent for the 2018 fiscal year. This is well below the five percent cap on net profits it imposed on itself last year. And with CEO Lei Jun reportedly saying that the price of its smartphones could increase in the near future, it seems like Xiaomi has plenty of headroom before hitting the five percent cap.

Xiaomi reported quarterly revenue of 44.4 billion yuan (~$6.6 billion), up 27 percent from Q4 2017. And it recorded full fiscal year revenue of 174.9 billion yuan (~$26 billion), up 52.6 percent from a year ago.

Xiaomi's plans for expansion

class="aligncenter wp-image-963356 size-large" height="473" src="https://cdn57.androidauthority.net/wp-content/uploads/2019/03/Redmi-Note-7-Pro-Review-2-840x473.jpg" width="840">

CFO Shou Zi Chew told journalists that sales from regions outside China accounted for 40 percent of revenue in Q4 2018. And the executive confirmed that Xiaomi will expand to more international markets in 2019.

Editor's Pick

Redmi Note 7 Pro review: Gleaming hardware, unpolished software

Xiaomi's Redmi Note series has long been the most successful lineup for the company. Over the years, the series has struck a good balance between performance and price. So it doesn't come as a surprise …

But which markets are potentially in the company's cross-hairs, then? Well, Zi Chew told CNBC that the company is looking to expand its offerings to Latin America and Africa.

Xiaomi is already in several Latin and South American nations, such as Chile and Mexico, but there certainly seems to be room to grow here as well.

The company's devices are also available in various African countries, albeit via distributors for the most part. And with news of an African department being set up earlier this year, it definitely looks like we might see a concerted push into numerous African markets.

NEXT: Google Stadia takes on the gaming industry — Everything you need to know

from Android Authority https://ift.tt/2JmjFKj
via IFTTT

Tweet

Subscribe to receive free email updates: