> Xiaomi as of late is making way more money outside of China than in it Easy to debunk. The 2020 annual report (the latest available financial report I can fi

> Xiaomi as of late is making way more money outside of China than in it Easy to debunk. The 2020 annual report (the latest available financial report I can find) clearly says > As we continue to expand our overseas business, revenue from overseas markets amounted to RMB122.4 billion in 2020, representing a year-over-year increase of 34.1% and accounting for 49.8% of our total revenue. https://i01.appmifile.com/webfile/globalweb/company/ir/announcement_us/annual_report_2020_e.pdf https://i01.appmifile.com/webfile/globalweb/company/ir/annou... 49.8% is not “way more” than 50.2%. Overseas revenue does appear to be growing faster than domestic revenue (the overall revenue grew 19.4% YoY which means domestic revenue grew by 7.7%) so at this rate it could overtake soon, but even then way more is a stretch. I also somehow doubt the low-end business in India is higher margin than their flagship business in China. Hard to imagine earning much profit when you have to compete against $50 or something Jio phones.