In a big surprise for Xiaomi due to lack of demand for smartphones, revenue fell by more than 18 percent
Chinese consumer electronics company Xiaomi’s revenue fell 18.9 percent in the first quarter. Weak demand for smartphones has had a major impact on the company’s earnings. The company’s sales in the first quarter stood at CNY 59.5 billion (about Rs 4,91,900 crore). This is up from CNY 73.35 billion (about Rs 6,06,400 crore) in the … Read more