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Xiaomi's Q1 Profit Plunges 43% Due to Rising Memory Chip Prices
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Xiaomi's Q1 Profit Plunges 43% Due to Rising Memory Chip Prices

Home/India Tech/Xiaomi's Q1 Profit Plunges 43% Due to Rising Memory Chip Prices

Xiaomi's first-quarter net profit saw a significant 43% drop. High memory chip costs pressured its smartphone sales. The company is investing heavily in electric vehicles and AI for new growth. Its EV business revenue increased but operations related to new initiatives incurred losses. Smartphone sh

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