Xiaomi Q3 Revenue Reaches $12.22 Billion, a Year-on-year Increase of 8.2%

Xiaomi released its financial report for the third quarter of 2021 on Tuesday. Its revenue reached 78.06 billion yuan ($12.22 billion), up 8.2% year-on-year. Gross profit was 14.29 billion yuan, up 40.6% year-on-year, and operating profit was 2.73 billion yuan, down 59.2% year-on-year. Under non-IFRS, adjusted net profit was 5.176 billion yuan, up 25.4%…