The second quarter of 2018 is behind our backs and companies keep publishing their financial results for the three-month period. The latest smartphone manufacturer to do so is Xiaomi which reported $2.1 billion profit in its first quarter as a public company. The company managed to ship 32 million smartphones between April and June, bringing CNY30,5 billion (about $4.5 billion) in revenue. Two-thirds of the company revenue came from smartphones. More than CNY10 billion came from the smart products division, which includes smart TV, fitness bands and other home appliances. The net...