Home Stock Market Xiaomi beats estimates with 21.4% rise in This autumn income By Reuters

Xiaomi beats estimates with 21.4% rise in This autumn income By Reuters

Xiaomi beats estimates with 21.4% rise in This autumn income By Reuters

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© Reuters. FILE PHOTO: A 3D printed Xiaomi emblem is seen on this illustration taken, September 30, 2021. REUTERS/Dado Ruvic

SHANGHAI (Reuters) -Chinese language smartphone maker Xiaomi (OTC:) Corp on Tuesday reported a bigger-than-expected 21.4% rise in fourth-quarter income, as business shipments of handsets slowly tick up following a world chip scarcity and the height of the pandemic.

Income rose to 85.58 billion yuan ($13.45 billion) within the quarter ended Dec. 31, in contrast with 70.46 billion yuan within the 12 months ancient times and analyst expectations for 81.80 billion yuan, in accordance with Refinitiv knowledge.

Smartphone shipments rose 4.4% to 44.1 million models within the quarter, Xiaomi stated in a press release.

Web earnings rose 39.6% to 4.47 billion yuan, additionally above analyst expectations.

($1 = 6.3636 renminbi)

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