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Xiaomi India profit plunges 77% to Rs 239 Cr

YourStory · 3m

Xiaomi India profit plunges 77% to Rs 239 Cr

Chinese smart device manufacturer Xiaomi Technology experienced a significant decrease in profit in India, with a decline of 77% in the 2022-23 fiscal year compared to the previous year. The company's revenue from operations also dropped by approximately 32% during the same period. Despite a decrease in smartphone shipments, Xiaomi still holds a 21% market share in the Indian smartphone market. The company aims to double its device sales in the next decade.

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Comments

Abdul RagibEat , Sleep, Drink Technology....

China is getting profit from india and planning to attack india , they put their fighter plans near laddakh

3 months ago

RakeshSDE....

Want to know about motorola's market performance. I've noticed them improving their products to be more interesting than other companies like Xiomi, Redmi, Oppo, Vivo etc.

3 months ago

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