SHANGHAI: Xiaomi Corp<\/a> reported a 18.9% drop in quarterly revenue on Wednesday as consumer demand for smartphones remained weak even as the economy recovered from the Covid-19 pandemic. 上海:小米公司周三公布的季度收入下降18.9%,因消费者对智能手机的需求依然疲软,即使经济复苏从Covid-19大流行。
Sales in the first quarter of 2023 reached 59.5 billion yuan, down from 73.35 billion yuan in the same quarter a year earlier, roughly in line with analyst estimates of 59.43 billion yuan.
Net income rose to 3.23 billion over the period, an increase of 13.1 % from 2.86 billion yuan a year earlier.
After China<\/a> lifted its stringent pandemic controls late last year, the country’s economy has recovered but consumers are spending cautiously.
China's smartphone<\/a> sector saw no bounce back over the period at all. Total sales in China fell 11% in the first quarter of 2023, research firm Canalys reported in April. Xiaomi<\/a>’s sales over the period fell 20%.
India, once Xiaomi's top market overseas, has also proved less lucrative for the smartphone maker. Total smartphone shipments fell 20% across all brands in the first quarter, and rivals such as Samsung<\/a> have eaten away at Xiaomi's share of the shrinking market.
The company has cut prices on several of its models in India and China in the hope of spurring demand.
Xiaomi is investing in the automotive sector in an attempt to diversify away from smartphones. The company plans to start mass production of its first car in the first half of 2024.
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在2023年第一季度的销售达到595亿元人民币,低于一年前的同期733.5亿元,大致符合分析师预期的594.3亿元。
同期净利润增至32.3亿,较上年同期的28.6亿元增长了13.1%。
后中国了严格的流行病控制去年晚些时候,国家的经济复苏,但消费者支出谨慎。
印度,一旦小米最大的海外市场,智能手机制造商也更有利可图。全智能手机出货量所有品牌在第一季度下降了20%,和等竞争对手三星吃了小米的萎缩的市场份额。
公司降低价格在几款在印度和中国,希望刺激需求。
小米是投资于汽车行业为了多元化智能手机。该公司计划开始大规模生产的第一辆车在2024年上半年。
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SHANGHAI: Xiaomi Corp<\/a> reported a 18.9% drop in quarterly revenue on Wednesday as consumer demand for smartphones remained weak even as the economy recovered from the Covid-19 pandemic.
Sales in the first quarter of 2023 reached 59.5 billion yuan, down from 73.35 billion yuan in the same quarter a year earlier, roughly in line with analyst estimates of 59.43 billion yuan.
Net income rose to 3.23 billion over the period, an increase of 13.1 % from 2.86 billion yuan a year earlier.
After China<\/a> lifted its stringent pandemic controls late last year, the country’s economy has recovered but consumers are spending cautiously.
China's smartphone<\/a> sector saw no bounce back over the period at all. Total sales in China fell 11% in the first quarter of 2023, research firm Canalys reported in April. Xiaomi<\/a>’s sales over the period fell 20%.
India, once Xiaomi's top market overseas, has also proved less lucrative for the smartphone maker. Total smartphone shipments fell 20% across all brands in the first quarter, and rivals such as Samsung<\/a> have eaten away at Xiaomi's share of the shrinking market.
The company has cut prices on several of its models in India and China in the hope of spurring demand.
Xiaomi is investing in the automotive sector in an attempt to diversify away from smartphones. The company plans to start mass production of its first car in the first half of 2024.
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