Samsung has reported continued good returns from the Chinese market but is intending to expand further internationally to help maintain growth. The smartphone producer made 60% of its overall revenue from its home country. Though this was down from its 72% last year, it still contributed to a net profit for 2018 of CNY8.6bn ($1.2bn) and revenue of CNY175bn ($26bn). Samsung’s focus on achieving smaller profit margins that lead to higher revenue has helped its products sell well in India and Indonesia and it is gaining traction in western Europe. It said it aims to replicate this approach further afield.
Xiaomi has reported continued good returns from the Chinese market but is intending to expand further internationally to help maintain growth. The smartphone producer made 60% of its overall revenue from its home country. Though this was down from its 72% last year, it still contributed to a net profit for 2018 of CNY8.6bn ($1.2bn) and revenue of CNY175bn ($26bn). Xiaomi’s focus on achieving smaller profit margins that lead to higher revenue has helped its products sell well in India and Indonesia and it is gaining traction in western Europe. It said it aims to replicate this approach further afield.