Xiaomi shipped a record 46.6 million phones in Q3

Xiaomi’s latest financial report indicates a milestone with 46.6 million smartphone shipments and CNY 47.6 billion ($7.2 billion) in smartphone revenues during the July 1-September 30 period. The number of shipped phones is 45.3% greater than the same period of last year and based on Canalys’ global smartphone shipments report, Xiaomi is now the third biggest smartphone brand globally with a 13.5% market share. Xiaomi Q3 performance Total revenues grew to CNY 72.2 billion ($10.9 billion) which is up by 34.5% compared to the same period last year. Net profits came up to CNY 4.1...