Xiaomi revenue edges higher but profit leaps on cost savings

People check new products of Xiaomi ahead of the 2023 Mobile World Congress in Barcelona, Spain February 26, 2023. REUTERS/Nacho Doce/File Photo Acquire Licensing Rights BEIJING, Nov 20 (Reuters) - Xiaomi Corp (1810.HK) reported a small increase in revenue for the third quarter, though smartphone shipments were flat as China’s economic recovery struggled to gather momentum. Xiaomi revenue edges higher but profit leaps on cost savings comes via ChinaTechNews.com.