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AAPL Apple Inc

169.60
-0.29 (-0.17%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Apple Inc NASDAQ:AAPL NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.29 -0.17% 169.60 169.00 171.01 171.34 169.18 169.88 44,849,856 05:00:00

Correction to Xiaomi Invests in Chinese Home-Appliance Maker Story

15/12/2014 1:18pm

Dow Jones News


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Midea Group Co. disclosed in a filing that smartphone maker Xiaomi Inc. posted a net profit of 347 million yuan ($56 million) on revenue of 26.5 billion yuan in 2013. Also, The Wall Street Journal, citing a confidential document, reported in November that on the group level privately held Xiaomi's profit nearly doubled in 2013. Xiaomi said the earnings figures in the Midea filing refer only to Xiaomi Inc., one of the companies under the Xiaomi group. "Xiaomi Invests in Chinese Home Appliance Maker Midea," at 0418 GMT, misstated that Midea's filing said Xiaomi posted a 2013 net profit of 3.5 billion yuan.

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