US EditionXiaomi quarterly profit slumps despite annual EV gains
Xiaomi's profit fell to 6.5 billion yuan as smartphone shipments dropped 11.6% and average selling prices declined amid rising memory-chip costs, according to analysts.
- Xiaomi reported a 27% drop in fourth-quarter net profit due to weak smartphone sales and rising memory chip costs.
- William Lu Weibing warned that the memory chip price surge could force industry players out of business or prompt innovations.
- Despite launching an electric vehicle business in 2022, Xiaomi's annual revenue rose 25% while adjusted net income increased 10.7%.
26 Articles
26 Articles
China’s smartphone and electronic manufacturer reported that its net profit fell 27%, for US$ 950.5 million in the quarter, and revenue reached US$ 16.9 billion, an increase of 7.3%
Times of India
The Economic TimesChina's Xiaomi posts first quarterly profit fall in three years
Xiaomi's quarterly profit saw its first drop in three years. This happened as the company faced higher costs and tougher competition. However, Xiaomi's electric vehicle business performed well. It surpassed its delivery goals for the year. The company also reported its EV segment achieved its first annual operating profit. Xiaomi plans significant investment in artificial intelligence.
Xiaomi 2025 report: 165.2 million phones shipped, 411 thousand EVs too
Xiaomi has published its full-year 2025 financial report. The company shipped a total of 165.2 million smartphones, which generated revenue of CNY 186.4 billion. Based on Omdia stats, Xiaomi had 13.3% of the global market share, ranking it in the Top 3 for the 5th consecutive year. Focusing on mainland China, the company was #2 with a share of 16.6% (up 7 percentage points compared to the previous year). Xiaomi’s product mix is shifting towards …
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