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China's Xiaomi Q1 profit sinks 43% on higher memory chip costs - The Economic Times
Xiaomi's first-quarter net profit saw a significant 43% drop. High memory chip costs pressured its smartphone sales. The company is investing heavily in electric vehicles and AI for new growth. Its EV business revenue increased but operations related to new initiatives incurred losses. Smartphone shipments declined, impacting revenue and margins. The market outlook remains weak.
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caixinglobal.com
Xiaomi Profit Drops 43% as Memory Costs and EV Transition Weigh on Growth
The smartphone maker missed expectations as surging chip prices and weaker handset and EV momentum offset gains in premium pricing and overseas expansion
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valor.globo.com
Lucro da Xiaomi encolhe no 1º trimestre pressionado por custos e demanda fraca
Lucro da Xiaomi encolhe no 1º trimestre pressionado por custos e demanda fraca
