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Xiaomi triples profits despite smartphone market slowdown

WorldNews Wednesday, 20 March 2019
Xiaomi triples profits despite smartphone market slowdownChinese smartphone manufacturer Xiaomi tripled its profits in the fourth quarter of 2018, as a focus on international markets and an increasingly diverse portfolio of products helped it combat device saturation and the economic slowdown in its homeland. Profits rose from 550 million Yuan (£62.1m) to 1.9 billion Yuan (£214m) during...

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