Xiaomi phone shipments fell 15.8% in Q2 '23 as market slump continues

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Xiaomi posted its quarterly financial report, and the numbers did not look good for the Q2 period of 2023. The overall revenue declined by 4%, with the smartphone business playing a major part in the lower number. Between April and June 2023, Xiaomi sold 15.8% fewer devices, compared to last year's period. Smartphone performance Q2 2023 Q2 2022 Change Revenue CNY 36.5 billion/ USD 5 billion CNY 42.2 billion/USD 5.78 billion - 13.27% Profit CNY 4.8 billion/USD 658 million CNY 3.6 billion/USD 493 million 33% ...



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