Smartphone king Xiaomi's profits drop 43% on memory crunch, weak demand
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Source: Nikkei Asia
Published: 2026-08-18 20:05 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business & Economy, Asia Pacific, Technology
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Snippet:
Xiaomi's management attributed the weak results to softening demand for gadgets, rising memory chip prices and stiffer competition from EV rivals. © Reuters
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