Xiaomi reports record 64% revenue growth, acquires Deepmotion for $77.3 million - NewsBreak

During the quarter that ended in June, Xiaomi said it saw a 64% year-on-year growth in revenue, and its net income surged over 80% from the same time a year ago. The Hong Kong-listed firm said its smartphone revenue grew to $9.1 billion, thanks to a just as impressive jump in its smartphone shipment to 52.9 million units in the quarter, in which it topped Apple to become the world's second-largest smartphone vendor, according to market intelligence firm Canalys.