Xiaomi made a profit in Q2 thanks to strong sales in Europe

Xiaomi posted its Q2 report and the results are quite positive, despite a slowing global market due to the ongoin pandemic. Xiaomi managed a total revenue of $7.7b in the three months ending in June, up 3.1% over Q2 of 2019 and up 7.7% over Q1 of 2020. Profit was $650m, which is 129.8% increase year-over-year and 108% better than in Q1 of 2020. Xiaomi saw a recovery of its sales outside of China - India aside, Xiaomi recorded 120% more daily smartphone activations than in the pre-pandemic January 2020. Europe played a big part in Xiaomi's positive quarter. Xiaomi shipments in Europe...

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