Mobile > News

Xiaomi's Q3 financial report reveals 10% drop in revenue

15 days ago   |   By GSMArena

Xiaomi posted its quarterly financial analysis, and the numbers show significant decline. Revenue for the July-September 2022 period was CNY70.5 billion, just south of $10 billion. Of them, 50.5% came from overseas markets.
The revenue is 10% lower compared to last year. Net profit dropped even more - 59% year-on-year to RMB 2.1 billion. However that was partially doan to the RMB 829 million investment in the newly setup EV business and other projects that should bear fruit in the future.
The company also revealed investments in R&D increased by 25%, compared with one year ago, and 48%...
Read more ...

 


Search by Tags

   News  


The best wireless earbuds that money can buy are 50% off at Best Buy's...

The best wireless earbuds that money can buy are 50% off at Best Buy's holiday sale

We called them the overall best wireless earbuds that money can buy, and now you can get a pair of Jabra Elite 7 Pro for just $99.99! Read more ...

Tor browser finally gets Apple Silicon support in new update

Tor browser finally gets Apple Silicon support in new update

A new version of the anonymous Tor browser has been released, bringing native support for Apple Silicon equipped devices, as well as optimizations for Android devices. The... Read more ...

Google Chrome users can now ditch their passwords

Google Chrome users can now ditch their passwords

Google has been working on eliminating passwords altogether for a while, and today it just made a step forward. Now, Google Chrome users can now utilize passkeys in lieu of... Read more ...

Microsoft announces end of support for Edge on Windows 7 and Windows 8.1

Microsoft announces end of support for Edge on Windows 7 and Windows 8.1

Microsoft will end support for Edge on Windows 7 and Windows 8.1 in January 2023. The move follows Google taking similar steps with Chrome. Read more ...

Modern Warfare II's first raid launches Dec. 14

Modern Warfare II's first raid launches Dec. 14

Infinity Ward announced raids with Modern Warfare II earlier this year just prior to the game's closed beta, and today it gives a little more detail on the first-ever raid for... Read more ...

Apple and Ericsson reach patent license agreement after years of lawsuits

Apple and Ericsson reach patent license agreement after years of lawsuits

Apple and Ericsson have accused each other of patent infringement and licensing disagreements regarding connectivity technologies since 2015. The companies sued each other... Read more ...

Death Stranding 2 is real and it's coming to PS5

Death Stranding 2 is real and it's coming to PS5

Not-so-hot on the heels of the popular 2019 game Death Stranding, gaming legend Hideo Kojima is working on his next project - Death Stranding 2. The game's Death Stranding 2... Read more ...

The latest Windows 11 preview build brings the Widgets panel to all users...

The latest Windows 11 preview build brings the Widgets panel to all users, no account required

Microsoft is back with another Windows 11 preview build for Insiders in the Dev Channel, which enables the ability to use the Widgets panel without a Microsoft account. Read more ...

Everything we know about Hades 2: Trailer, story and more

Everything we know about Hades 2: Trailer, story and more

Hades was an astonishing achievement - a roguelike game that demonstrated with total mastery how to tell a compelling story despite repeating gameplay patterns. Its developer... Read more ...

Musk promises Twitter shadowban appeal process

Musk promises Twitter shadowban appeal process

Twitter CEO Elon Musk said the company is working on a software update that will let users know if they've been 'shadowbanned,' explain why they were shadowbanned and offer a... Read more ...