{"id":37126,"date":"2023-11-21T10:44:53","date_gmt":"2023-11-21T10:44:53","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/xiaomi-revenue-edges-higher-but-profit-leaps-on-cost-savings"},"modified":"2023-11-21T11:07:54","modified_gmt":"2023-11-21T11:07:54","slug":"xiaomi-revenue-edges-higher-but-profit-leaps-on-cost-savings","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/xiaomi-revenue-edges-higher-but-profit-leaps-on-cost-savings","title":{"rendered":"Xiaomi revenue edges higher but profit leaps on cost savings"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mauritius. <\/strong><\/span>Xiaomi Corp (1810. HK) reported a small increase in revenue for the third quarter, though smartphone shipments were flat as China\u2019s economic recovery struggled to gather momentum.<\/p>\n<p>Te smartphone maker\u2019s sales totalled 70.9 billion yuan ($9.83 billion), beating an average estimate of 70.2 billion yuan from 13 analysts polled by LSEG.<\/p>\n<p>Net income jumped by 183% from a year earlier to 6 billion yuan thanks to lower component costs and operating efficiencies across the business. That compared with a consensus estimate of 4.6 billion yuan.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mauritius\">Mauritius<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mauritius. Xiaomi Corp (1810. HK) reported a small increase in revenue for the third quarter, though smartphone shipments were flat as China\u2019s economic recovery struggled to gather momentum. Te smartphone maker\u2019s sales totalled 70.9 billion yuan ($9.83 billion), beating an average estimate of 70.2 billion yuan from 13 analysts polled by LSEG. Net [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":37125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,245,241,185],"class_list":["post-37126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-mauritius","tag-mauritius","tag-xiaomi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Xiaomi revenue edges higher but profit leaps on cost savings - Mauritius<\/title>\n<meta name=\"description\" content=\"Xiaomi Corp (1810. 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