Xiaomi is again the most selling smartphone brand of the Q3 in 2018. The smartphone has sold smartphones beyond the expectations of the analysts. With that said, the Chinese giant made a profit of CNY 2.48B (€312.6M) profit at the end of September. Well, this is a big step, as the company made a loss of CNY 11B on Q3 of 2017. Xiaomi’s revenue in Q3 of 2018 rose 49.1% to CNY 50.85B (€6.4B).
Most of these profits come from the smartphone sales by the brand in the Indian market. Xiaomi is getting awarded as the best smartphone brand in India from the last five consecutive years.
Interestingly, a major portion of profit also comes from Europe, as the company now officially sells smartphones in the UK. The currents profits are far behind the ones from the brands like Samsung and Apple. Xiaomi sells its smartphones at smaller price margins. Well, this becomes the reason that even after great market shares the company doesn’t bear great profits.