Xiaomi second quarter revenue surges 64% year on year as phone sales rise

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SHENZHEN, China (Reuters) - Xiaomi Corp posted second-quarter revenue of 87.8 billion yuan on Wednesday, up 64% year on year and above analyst expectations, as the company grew its market share in the global smartphone market.
Net income reached 6.32 billion yuan, up 87.4% year on year and above analyst expectations.

(Reporting by David Kirton in Shenzhen and Josh Horwitz in Shanghai; Editing by Edmund Blair)
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