Chinese smartphone maker Xiaomi reports 13.6% rise in first quarter revenue

Reuters

Published May 20, 2020 11:00

SHANGHAI (Reuters) - Xiaomi Corp (HK:1010) reported a 13.6% rise in first-quarter revenue on Wednesday, even as demand for its smartphones plunged amid the coronavirus pandemic that has also rattled supply chains in China.

Sales in the first quarter of 2020 rose to 49.7 billion yuan from 43.76 billion yuan in the same period prior year, beating analyst expectations of 47.86 billion yuan.