GlobalNews411

Comprehensive reporting, aggregated for speed.

allentown

Xiaomi quarterly profit slumps as smartphone sales slow

Chinese electronics giant Xiaomi reported a quarterly profit dip amid weaker smartphone sales, while electric vehicle activity helped lift annual revenue modestly.

Published Mar 24, 2026, 8:08 AM EDT | WFMZZ

On Tuesday, Xiaomi said quarterly profit fell after slower smartphone sales weighed on results. Sales of electric vehicles contributed to a modest increase in the company’s annual revenue.