Xiaomi yearly revenues soar despite slumping global market

While 2018 wasn't the best year for smartphone with a growth of just 0.1%, Xiaomi seems to be doing quite well compared to the competition. Yesterday the company released its yearly earnings report and the numbers show a steady increase in all sectors, most notably a 52.6% year-to-year increase in revenue reaching 174.9 billion yuan ($26.06 billion). International revenues grew by a whopping 118.1% year-to-year reaching 70 billion yuan ($10.43 billion) or 40% of total revenue. Xiaomi sales figures In 2018, Xiaomi continued to shine - even in the face of fierce competition...