The latest financial report reveals a 10% drop in revenue

While Netflix is ​​breaking records in the third quarter of 2022, there are other realities that don’t seem to be doing so well, like the Chinese multinational company Xiaomi. As evidenced by the most recent quarterly report published, in fact, the company would have recorded a 10% decline in revenue compared to the same period last year.

But the significant drop in revenue isn’t the only bad news for Xiaomi. always according to the numbers in the Q3 2022 report, Net income also decreasedRecording a resounding decline of 59%, and the same fate for shipments, which decreased by 7.8%.

numbers that for sure Executives will need to think At the top of the Asian tech giant, who may have to deal with the fact that Xiaomi’s excessive power may not be so great in the future.

Although Xiaomi stands still firmly entrenched in its third place In the ranking of major smartphone manufacturers worldwide, the growth of the sector and the presence of more and more companies operating in it could endanger this position.

What is certain is that Xiaomi must find a way to limit falls before leaks become a habit, with new products that can capture the market in the wake of wireless chargers with power banks for the iPhone 14, which have already become bestsellers.

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