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Xiaomi Feels Sting of China Covid Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent

August 22, 2022
Source: samacharcentral.com samacharcentral.com
News Snapshot:
var betterads_screen_width = document.body.clientWidth;betterads_el = document.getElementById('bpd-1771-209430246'); 209430246- 209430246- 209430246- 209430246- Xiaomi Feels Sting of China Covid Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent Technology By Hemalata Nehete Last updated Aug 21, 2022 0 Share (adsbygoogle = window.adsbygoogle || []).push({}); Chinese smartphone maker Xiaomi posted a steep drop in second quarter revenue on Friday as the world’s biggest smartphone market shrank, hit by strict COVID restrictions. Sales fell 20 percent year on year to CNY 70.17 billion (roughly Rs. 82,200 crore), missing estimates and marking a steeper decline from the previous quarter, when the company...
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