Shares of Xiaomi have lost half their value in the past year. Photo: Shutterstock.
Shares of Xiaomi have lost half their value in the past year. Photo: Shutterstock.
Xiaomi

Xiaomi misses earnings, sales expectations in 3rd quarter as smartphone demand falls

  • The Chinese company logged sales of 70.5 billion yuan and net loss of 1.5 billion yuan
  • Electronics demand is cooling as shoppers react to elevated inflation and slowing economic growth

Shares of Xiaomi have lost half their value in the past year. Photo: Shutterstock.
Shares of Xiaomi have lost half their value in the past year. Photo: Shutterstock.
READ FULL ARTICLE