HQ Trivia was the biggest game on iOS in the year 2017 – now its expanding beyond its iPhone borders. Android device users that found themselves jealous of their iPhone-using relatives playing HQ Trivia this holiday season can now rejoice. Android users can now head to Google Play to pre-register for the app to get updates about when the app … Continue reading
Apple’s Face ID may be dividing opinion among iPhone X fans and critics, but for family users the iOS security system is causing more immediate headaches. Those parents using Family Sharing on their iPhone or iPad have discovered that granting approval is a little tougher on the iPhone X than it has been on previous iPhones. What’s unclear at this … Continue reading
Tearing a leaf out of the English Premier League’s playbook, the Union of European Football Associations — better known as UEFA — has been granted the power to block illegal match streams by the UK’s highest court. UEFA won’t actually be doing any…
Uber has been eager to ditch its car leasing business for months, and it appears to have found a buyer. Wall Street Journal sources claim that the ridesharing company is selling its Xchange Leasing unit to the car marketplace Fair.com. While it’s…
Xiaomi is one of the fastest-growing smartphone vendors on the market. The company has covered a lot of ground over the past couple of years. A new report claims that the company is going to blow past its 2017 revenue target. Xiaomi’s net profit for the year is expected to be at least $1 billion.
The company has quickly established itself as a force to be reckoned with in the market by offering devices with robust specifications at very aggressive price points.
Reuters reports that Xiaomi is in talks with bankers about a potential initial public offering next year. It’s slated to be one of the biggest tech IPOs of 2018. Xiaomi expects to top its 2017 revenue target by up to 18 percent.
The company’s 2017 revenue is estimated to be between $17 and $18 billion with a net profit of at least $1 billion. Xiaomi’s profits are estimated to double in 2018 to about $2 billion.
Xiaomi’s profits are expected to grow sharply in 2019 as well, at least that’s what bankers and analysts expect, which is why a $100 billion IPO valuation for Xiaomi is believed by some to be reasonable.
Xiaomi has not commented on any IPO-related news but a spokeswoman for the company did confirm that Xiaomi has crossed its 2017 revenue goal of $15 billion.
The company is yet to confirm if it’s going to go public in 2018. Word on the street is that Xiaomi’s IPO might be the world’s biggest tech float next year.
Xiaomi’s 2017 Profit Tops $1 Billion , original content from Ubergizmo. Read our Copyrights and terms of use.
Bring on the new year, and a new TBR pile stacked with fresh reads.
We spoke with black gun owners to find out what gun ownership means in America.
Aston Martin first unveiled the beast of a track car called the Vulcan back in February of 2015. The 800bhp beast was only able to drive on race tracks, but that isn’t so anymore. RML Group has converted the very first Vulcan to road legal status in the UK with permission of Aston Martin. It took a lot of work … Continue reading
Amazon’s Alexa has stormed the holidays, with the voice assistant – and the Echo devices that embody her – a huge sales success at Christmas 2017. The Echo Dot, Amazon’s most affordable Alexa device, and the Fire TV Stick with Alexa Voice Remote were the retailer’s number one and number two top-selling products, respectively, Amazon confirmed today. That only underscored … Continue reading
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