Reply to post: Re: Revenue is not profit

Xiaomi revenues up by a third due to strong phone sales and triple-digit European growth

Anonymous Coward
Anonymous Coward

Re: Revenue is not profit

I thought they were using smartphone profits to grow their other target markets such as IoT and services? In which case yes overall profits would be lower than expected, but not because the margins on smartphones are so low Is there any data to suggest a Redmi handset is sold at cost??

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