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Xiaomi posts 9.7% revenue fall as phone shipments decline in Q3

TechNode LogoTechNode1w ago

Xiaomi posts 9.7% revenue fall as phone shipments decline in Q3 - TechNode

Quick Summary:

Chinese phone vendor Xiaomi generated RMB 70.47 billion ($9.87 billion) in the third quarter of 2022, a 9.7% yearly decline.

However, the quarterly earnings beat Bloomberg’s estimation and were less severe than the 20.1% yearly drop in the second quarter of this year.

Xiaomi surprisingly saw a net loss of RMB 1.


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Article Details

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 06:55:02 (1 weeks ago)

News Timezone: GMT +8:00

Ranking: #841 (out of 2581 stories this day)

News Source URL: technode.com

Language: English

Article Length: 198 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechNode

News ID: 1903748

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Official Website: technode.com

Update Frequency: 5 posts per day

Year Established: 2007

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News Last Updated: 1 days ago

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