Xiaomi reports Q1 revenue down 19% YoY to ~$8.4B and a ~$596M net income, up from a ~$75M net loss in Q1 2022, both above estimates, due in part to cost cutting (Bloomberg) 24-05-2023
Bloomberg: Xiaomi reports Q1 revenue down 19% YoY to ~$8.4B and a ~$596M net income, up from a ~$75M net loss in Q1 2022, both above estimates, due in part to cost cutting — Xiaomi Corp. quarterly revenue slid 19% in a reflection of crumbling demand for electronics and internet services in a sputtering Chinese economy. Lees verder op Tech Meme