Xiaomi revenue surges 21.4% to $13.45 bn in fourth quarter

Smartphone maker Xiaomi said revenue rose 21.4 percent to 85.58 billion yuan ($13.45 billion) in the quarter ended Dec. 31, compared with 70.46 billion yuan in the year earlier period.
Smartphone shipments rose 4.4 percent to 44.1 million units in the quarter, Xiaomi said in a statement.

Xiaomi’s net income rose 39.6 percent to 4.47 billion yuan in the fourth quarter.