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Xiaomi slows down: Latest financial report reveals 10% drop in revenues

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While Netflix is ​​breaking records in the third quarter of 2022, there are other facts that don’t seem to be doing so well, like the Chinese multinational company. Xiaomi. As evidenced by the latest quarterly report released, in fact the company would have recorded a 10% decrease in revenue compared to the same period last year.

But the significant drop in revenues isn’t the only bad news for Xiaomi. According to the figures always included in the 3rd Quarter of 2022 report, net income also fellIt recorded a resounding 59% drop and the same fate befell shipments, which dropped 7.8%.

The exact numbers managers will need to reflect It’s on the cusp of the Asian tech giant that may have to deal with the fact that Xiaomi’s overpowering might not be that important in the future.

Although Xiaomi still remains firmly anchored in his third row The growth of the industry and the presence of more companies operating within it in the ranking of the largest smartphone manufacturers worldwide may jeopardize this position.

What is certain is that Xiaomi needs to find a way to curb the drop before leaks become a habit, with new products that could pull the market after power bank wireless chargers for the iPhone 14, which have already become bestsellers. .

Source: Every Eye

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