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XIAOMI PROFIT REPORT
Hot wheels got intelligent: Carmakers are device-fying, and tech companies making cars are bringing their world view with themThe automobile is transforming into a smart device. Traditional carmakers face a challenge as software and data become more valuable than h...- 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...
- Waiting for your dream phone to get cheaper? That moment may never comeSmartphone prices are no longer dropping predictably. The demand for AI chips is causing component costs to surge. This means phones are la...
- 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 ...
- Samsung, Apple outpace rivals as global memory chip crunch hits Chinese smartphone makersA global memory chip shortage is impacting smartphone makers. Samsung and Apple are growing their market share. Chinese companies like Xiao...
- BYD car discounts show China’s EV price war is getting worseChina's car market faces fierce price competition. BYD and rivals are increasing discounts despite government calls to stop. This intense r...
- Digital lender Kreditbee in unicorn club with $280 million at $1.5 billion valuationDigital lending firm Kreditbee has raised $280 million, becoming a unicorn with a $1.5 billion valuation. This funding marks their last pri...
- 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 reports 81% jump in third-quarter profit on strong EV salesXiaomi has celebrated an impressive profit jump of 80.9% in the third quarter, largely fueled by their burgeoning electric vehicle line and...
- Xiaomi’s India growth hit by regulations, sales drop, delaysXiaomi's growth prospects in India are diminishing due to increased regulatory scrutiny and declining market share. The company's revenue c...
- Xiaomi reports 47% revenue growth in Q1 as it launches new electric SUVXiaomi reported record-high revenue and profit in Q1, driven by its focus on high-end products, including smartphones and home appliances. ...
- 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...
- Court quashes tax dept's $448 million block on Xiaomi's deposits: SourcesThe fund freeze by income tax authorities was on top of another legal tussle Xiaomi faces where it has challenged a block on $666 million o...
- 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...
- 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...
- Strong smartphone business helps Xiaomi log solid growth in 2020Xiaomi on Wednesday reported a robust performance driven by its smartphone business last year, with a total revenue of 245.9 billion yuan (...
- Xiaomi looks to monetise internet services in IndiaAfter beating Samsung in smartphones, Xiaomi now wants to generate revenue from internet services.
- Xiaomi Q2 revenue soars 152% on strong growth in IndiaIts offline smartphone sales in India achieved a market share of over 20 percent.
- Xiaomi to start lending operations in India; to target salaried professionalsThe new credit product, launched in partnership with lending platform KrazyBee, has already gone live and will be officially announced in a...
- Change in strategy, lack of desi 4G phones helps Chinese handset makers outsmart Indian rivalsChina's phonemakers are eating into the market share of home-grown smartphone makers who have failed to compete on products, marketing and ...
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