Wednesday, August 21, 2024

Xiaomi reports Q2 revenue up 32% YoY to ~$12.5B, above ~$12.2B est., and a ~$715M net income, above ~$533M est., as its core smartphone business recovers (Bloomberg)

Bloomberg:
Xiaomi reports Q2 revenue up 32% YoY to ~$12.5B, above ~$12.2B est., and a ~$715M net income, above ~$533M est., as its core smartphone business recovers  —  Sales rose a better-than-projected 32% to 88.9 billion yuan ($12.5 billion), versus the average analyst estimate of 86.9 billion yuan.



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How Italy became an unexpected spyware hub, going under the radar by specializing in cheaper tools, as authorities carry out thousands of operations since 2021 (Suzanne Smalley/The Record)

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