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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Arizona's Maricopa County is set to have the second largest concentration of US data centers by 2028, as the state races to increase electricity production (Pranshu Verma/Washington Post)

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