Xiaomi Q1 Revenue Drops 18.9% As Smartphone Demand Tapers
Xiaomi Corp reported a 18.9 per cent drop in quarterly revenue on Wednesday as consumer demand for smartphones remained weak even as the economy recovered from the COVID-19 pandemic. Sales in the first quarter of 2023 reached 59.5 billion yuan, down from 73.35 billion yuan in the same quarter a year earlier, roughly in line […]