Reuters
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Xiaomi profit slumps 43% on chip costs and weak EV margins
Posted
May 26, 2026
Views
4,563
Likes
57
Comments
15
Engagement
1.58%
May 26, 2026
4,563
57
15
1.58%
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1:29Now PlayingXiaomi posted a 43% first-quarter net-profit slump as high memory-chip costs pressured its smartphone business, while its EV unit generated $2.8 billion in revenue but still dragged on earnings because of heavy investment and lower margins.
#News #Reuters #Newsfeed #xiaomi #smartphone #ev #chips
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