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Xiaomi beats estimates with ~$10.9B in Q1 revenue, down 4.6% YoY for its first-ever decline, and an ~$87M net loss as China’s lockdown cripples smartphone sales(Bloomberg)
Xiaomi beats estimates with ~$10.9B in Q1 revenue, down 4.6% YoY for its first-ever decline, and an ~$87M net loss as China’s lockdown cripples smartphone sales _Xiaomi Corp. posted its first quarterly revenue decline on record after Beijing’s strict Covid containment policies and global component shortages crippled smartphone sales…
