Chinese smartphone company Xiaomi just released its first quarterly results since announcing its $1.48 billion pledge to focus on smartphones and “AIoT,” an acronym for Internet of Things powered by artificial intelligence. Xiaomi’s adjusted net profit for the first quarter increased 22.4% year-over-year to 2.1 billion yuan ($300 million), while total revenue climbed 27.2% to … Continue reading Smart TVs add fuel to Xiaomi’s Q1 earnings