Xiaomi Reports Record Drop in Q4 Revenue, Loses Indian Smartphone Market in Higher-End Devices to Samsung

Chinese smartphone maker Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Early signs suggest China's economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and international trave...

source https://www.gadgets360.com/mobiles/news/xiaomi-reports-record-drop-q4-revenue-indian-smartphone-market-weakens-smartphone-leads-3891309#rss-gadgets-all

Atanu Das

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