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Xiaomi reports 3.1% revenue growth in Q2 despite restricted production in India

Xiaomi reported a revenue of $7.77 billion for the quarter that ended in June this year, up 3.1% since the same period last year and up 7.7% over the previous quarter as the Chinese smartphone maker sees recovery in most of its overseas markets.
The company said its profit in the second quarter stood at $650 million, up 129.8% year-on-year and 108% compared to Q1 2020.
Its smartphone sales, which still account for the bulk of its revenue, has recovered in most of its international markets. Excluding India, the average daily number of overseas smartphone activations reached 120% of the pre-pandemic level recorded in January 2020, it said.
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