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Smartphone king Xiaomi's profits drop 43% on memory crunch, weak demand
Handset margins shrink while EV ambitions deepen capital strain Xiaomi's management attributed the weak results to softening demand for gadgets, rising memory chip prices and stiffer competition from EV rivals. © Reuters HONG KONG — Xiaomi saw its net quarterly income nearly halved, as China's biggest smartphone maker endured a double blow from rising component […]
By deepak · August 18, 2026 · 1 min read
Handset margins shrink while EV ambitions deepen capital strain
Xiaomi's management attributed the weak results to softening demand for gadgets, rising memory chip prices and stiffer competition from EV rivals. © Reuters
HONG KONG — Xiaomi saw its net quarterly income nearly halved, as China's biggest smartphone maker endured a double blow from rising component costs and flagging demand.
Source: Read the original article on asia.nikkei.com
