Xiaomi's quarterly revenue fell by 23% due to declining smartphone sales
World
2 April, 9:31
In the fourth quarter of 2022, Chinese electronics maker Xiaomi Corporation reported a sharp cut in revenue due to a decline in global demand for smartphones. The company's revenue decreased by 23% ($9.68 billion) in the reporting quarter.
Revenues in the smartphone segment decreased by 27%.
Follow us on Telegram
