Tag Archives: redmi phones

Xiaomi Profits Soar to $56.7 Million in 4 Years: Filing Report Shows

Chinese firm Xiaomi’s profits soared to 347.5 million yuan ($56.7 million) in net profit last year, according to a regulatory filing, despite the fact the company resorted to very thin margins with its Redmi budget phones. Established just four years ago, Xiaomi grew to become the third biggest smartphone maker after Apple and Samsung in the world. In India, Xiaomi ...

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Xiaomi Future India Plans Likely to Unnerve Rivals

China’s phone manufacturer Xiaomi is all set to strengthen its stronghold in the massive mobile market with expansion into making phones in India and setting up servers within the country to ward off criticism that its database in Beijing is giving security and privacy conerns. India is Xiaomi’s second biggest market after china and the phone maker has already swept ...

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