App Development

Xiaomi Feels Sting of China Covid Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent

Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.

Leave a Reply

Your email address will not be published.