💻 Technology
6h ago
Xiaomi reports Q2 revenue down 6.1% YoY to ~$16.2B and net income down 21% to ~$1.4B, above est., amid a persistent memory shortage and weaker smartphone demand (Bloomberg)
Source ↗
👁 0
💬 0
Bloomberg:
Xiaomi reports Q2 revenue down 6.1% YoY to ~$16.2B and net income down 21% to ~$1.4B, above est., amid a persistent memory shortage and weaker smartphone demand — Xiaomi Corp. posted profit that fell less than expected, raising hopes it can weather a persistent memory shortage that's weakened demand for smartphones.
Xiaomi reports Q2 revenue down 6.1% YoY to ~$16.2B and net income down 21% to ~$1.4B, above est., amid a persistent memory shortage and weaker smartphone demand — Xiaomi Corp. posted profit that fell less than expected, raising hopes it can weather a persistent memory shortage that's weakened demand for smartphones.
Comments (0)