Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.
from Gadgets 360 https://ift.tt/PypaNbn
Friday, August 19, 2022
Xiaomi Feels Sting of China Covid Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment