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Xiaomi’s Q1 revenue falls 4.6% due to Covid, supply chain disruptions

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Published Thu, May 19, 2022 · 05:58 PM
    • Xiaomi reported a fall in first-quarter revenue as Covid-19 controls and lockdowns bit into demand in China while broader economic headwinds affected sales overseas.
    • Xiaomi reported a fall in first-quarter revenue as Covid-19 controls and lockdowns bit into demand in China while broader economic headwinds affected sales overseas. REUTERS

    CHINESE smartphone maker Xiaomi Corp reported a fall in first-quarter revenue as Covid-19 controls and lockdowns bit into demand in China while broader economic headwinds affected sales overseas.

    Revenue in the quarter ending March 31 dropped to 73.35 billion yuan (S$15 billion) from 76.88 billion yuan, and fell short of the 74.3 billion yuan expected by analysts, Refinitiv data showed. REUTERS

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