SHANGHAI:
In the October-December quarter, Xiaomi's shipments in China surged 52% from a year earlier, and the company cornered 15% of the market share. In an earnings call, Xiaomi President Wang Xiang said that the chip shortage's associated cost increases might get passed on to consumers in some cases. “We are feeling pressure, but we are looking okay,“ Wang told investors.Overseas sales grew 27.6% to 33.8 billion yuan, accounting for 47.9% of the company's revenue.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: staronline - 🏆 4. / 75 Read more »