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The Economic Times

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China's Xiaomi posts first quarterly profit fall in three years

Xiaomi's quarterly profit saw its first drop in three years. This happened as the company faced higher costs and tougher competition. However, Xiaomi's electric vehicle business performed well. It surpassed its delivery goals for the year. The company also reported its EV segment achieved its first annual operating profit. Xiaomi plans significant investment in artificial intelligence.

24 Mar 2026 4:21 pm