Xiaomi Profit Drops Amid Memory Shortage and Weak Smartphone Demand

Xiaomi Corp. reported a less-than-expected profit decline, as a persistent memory shortage continued to weaken demand for smartphones.

18 Aug, 09:38 — 18 Aug, 09:38

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bloombergHigh8d ago

Xiaomi Profit Falls After Memory Crunch Hits 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.

By Bloomberg News

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Xiaomi Profit Drops Amid Memory Shortage and Weak Smartphone Demand

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Xiaomi Profit Falls After Memory Crunch Hits Smartphone Demand

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