Xiaomi Fills Market Gap Left by Huawei as Revenue Surges 55 Percent in Q1 2021

Chinese smartphone maker Xiaomi reported first-quarter revenue growth of 55 percent on Wednesday, exceeding analyst expectations as it nabbed market share from one-time sector leader Huawei. Revenue rose to CNY 76.88 billion (roughly Rs. 87,570 crores) in the quarter ended March 31, from CN Y 49.70 billion (roughly Rs. 56,620 crores) a year earlier. Analysts expected revenue of … Read more