Chinese Xiaomi has published a financial report for the first half of 2019. And the numbers should give hope to company management. Revenues, for example, reached $ 13.56 billion, which is 20% more compared to the first half of 2018. Adjusted net income grew even more.
It reached $ 810 million, an increase of 49.8% compared to the same period last year. And despite the stagnation of the global smartphone market, Xiaomi managed to ship 60 million mobile devices. The service line of the company is actively growing: it increased to $ 1.25 billion in revenue (+ 108%).
The company intends to continue to actively invest in research and development. In the first half of this year, for example, $ 467 million was spent on R&D (+ 30% compared to last year).