Smartphone giant Xiaomi Corp reported a smaller-than-expected revenue of US$12.22 billion in the third quarter. Photo: Reuters
Smartphone giant Xiaomi Corp reported a smaller-than-expected revenue of US$12.22 billion in the third quarter. Photo: Reuters
Xiaomi

Xiaomi falters in quest to beat Samsung, Apple as sales slow in third quarter amid global chip shortage, stiff competition in China

  • Xiaomi posted revenue of US$12.2 billion in the third quarter – up 8 per cent from a year earlier, but missed analysts’ estimates
  • The Beijing-based smartphone giant’s net profit was down 84 per cent to US$123.5 million in the same period

Topic |   Xiaomi
Smartphone giant Xiaomi Corp reported a smaller-than-expected revenue of US$12.22 billion in the third quarter. Photo: Reuters
Smartphone giant Xiaomi Corp reported a smaller-than-expected revenue of US$12.22 billion in the third quarter. Photo: Reuters
READ FULL ARTICLE