Cryptocurrency Q&A
Is Xiaomi making money?
Is Xiaomi making money?
Chiara
Thu Nov 07 2024
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6 answers
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I'm curious about Xiaomi's financial situation. Specifically, I want to know if the company is currently profitable or not. Are they making money, or are they possibly losing it? I'd like a clear answer on Xiaomi's profitability.
6 answers
SejongWisdomKeeper
Sat Nov 09 2024
In the third quarter of 2023, Xiaomi's gross profit margin showed a significant improvement.
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Raffaele
Sat Nov 09 2024
Specifically, the gross profit margin reached 22.7%, which is a substantial increase compared to previous quarters.
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EchoPulse
Sat Nov 09 2024
This achievement marks the fourth consecutive quarter of margin expansion for Xiaomi.
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Margherita
Sat Nov 09 2024
Xiaomi has implemented its strategy of emphasizing both scale and profitability with remarkable efficiency.
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GeishaWhisper
Sat Nov 09 2024
This dual focus has allowed the company to maintain a steady growth trajectory while simultaneously improving its financial performance.
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