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Xiaomi beats estimates with ~$10.9B in Q1 revenue, down 4.6% YoY for its first-ever decline, and an ~$87M net loss as China’s lockdown cripples smartphone sales (Bloomberg)

AdminMarch 20, 2023

2 Less than a minute

Xiaomi beats estimates with ~$10.9B in Q1 revenue, down 4.6% YoY for its first-ever decline, and an ~$87M net loss as China's lockdown cripples smartphone sales

Xiaomi beats estimates with ~$10.9B in Q1 revenue, down 4.6% YoY for its first-ever decline, and an ~$87M net loss as China’s lockdown cripples smartphone sales

READ ALSO Foxconn reports Q1 net profit rose 5% YoY to ~$985M but warns Q2 revenue could slip due to rising inflation, cooling demand, and escalating supply chain issues (Reuters)

AdminMarch 20, 2023

2 Less than a minute

Admin

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