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XIAOMI EARNINGS REPORT
China's Xiaomi Q1 profit sinks 43% on higher memory chip costsXiaomi's first-quarter net profit saw a significant 43% drop. High memory chip costs pressured its smartphone sales. The company is investi...- US Stock Market: AI-fueled memory supercycle boosts chip stocks while hardware companies struggleThe AI boom is causing a global memory chip shortage. This is creating winners among chip makers like Micron and Samsung, whose shares are ...
- China's Xiaomi posts first quarterly profit fall in three yearsXiaomi's quarterly profit saw its first drop in three years. This happened as the company faced higher costs and tougher competition. Howev...
- Xiaomi eyes settlement route for release of ₹4,704.21 cr frozen assetsXiaomi Technology India's ₹4,704.21 crore remains held up as authorities have attached its bank accounts amid ongoing investigations. The c...
- Xiaomi shares pricing ‘near-perfect execution’ after 300% rallyXiaomi's stock has surged 340% in a year, making it one of China’s most expensive tech stocks. Investors await its earnings and the launch ...
- Made 'opposite party' in CCI probe without notice: XiaomiXiaomi India has been named as an 'opposite party' in a CCI investigation on exclusive smartphone launches on platforms like Amazon and Fli...
- Xiaomi branded EVs, SU7 and SU7 Max with top speed of up to 265 kph, revealedBAIC Group, a Beijing-based automaker, has sought approval from regulators to manufacture two electric vehicles (EVs) under the Xiaomi bran...
- Dixon signs agreement with Xiaomi to manufacture products at Noida unitDixon subsidiary Padget Electronics has signed an agreement with Xiaomi to manufacture smartphones and other products at its facility in No...
- China's Huawei says it has reached global patent licensing deal with XiaomiHuawei also has patent license agreements with other tech players such as Oppo and South Korea's Samsung. Last month it renewed a similar a...
- Xiaomi revenue drops but EV strategy ahead of scheduleXiaomi Corp's net income rose to 5.14 billion yuan over the period, an increase of 147% from 2.08 billion yuan a year earlier, also beating...
- Chinese smartphone maker Xiaomi's revenue and profit slidesXiaomi group president Lu Weibing, speaking on a company earnings call, said China's consumer electronics was seeing early signs of a recov...
- Xiaomi in talks with Beijing Automotive Group Co to reach goal of making carsThe collaboration could see vehicles built by Beijing Automotive’s EV brand, BAIC BluePark New Energy Technology Co. and co-branded with Xi...
- Anti-China mood no hurdle for electronics brandsComputer maker Lenovo increased its sales in India year-on-year in 2020-21 while smartphone makers Xiaomi and Vivo reported marginal fall i...
- Multiagency probe ordered against Indian operations of Chinese smartphone makersThe probe comes amidst allegations ranging from evasion of duties to unfair trade practices against these companies.
- Xiaomi revenue misses estimates as competition intensifiesThe company, which gets the vast majority of its revenue by selling mobile handsets, said smartphone revenue rose 0.4% to 47.8 billion yuan...
- Xiaomi revenue misses estimates as competition intensifiesSales rose to 78.06 billion yuan ($12.22 billion) in the three months to Sept. 30. Analysts had expected 79.20 billion yuan, Refinitiv data...
- Xiaomi sees huge potential in India over five years due to high feature phone base, says CEOAddressing analysts during the company’s July-September quarter earnings call on Tuesday, Xiaomi's Chairman and CEO Lei Jun said the Indian...
- Government's move to ban apps will hurt Xiaomi India revenue: AnalystsA browser earns royalties from its default search engine , digital ads and other integrated shortcuts on its home page. Mi Browser currentl...
- Rupee depreciation adding pressure on pricing: XiaomiNew Delhi, Nov 22 () Xiaomi Thursday said rupee's slide against the US dollar is adding to pricing pressure for the Chinese tech major in I...
- Xiaomi may be twice as expensive as AppleThe Beijing-based company has a fair value of about $65 billion to $85 billion.
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