|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||1.3100 - 1.3550|
|52-week range||1.0500 - 2.5300|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||66.85|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
(Bloomberg) -- Xiaomi Corp.’s quarterly revenue fell almost 10% as it battled a slumping global smartphone market and weak consumer demand at home.Most Read from BloombergApple Faces Deficit of 6 Million IPhone Pros on China TumultNext Covid-19 Strain May be More Dangerous, Lab Study ShowsThere’s a Job-Market Riddle at the Heart of the Next RecessionSales of mobile devices fell 11%, leading declines across business divisions encompassing smart electronics and internet services. The Beijing-based
SHANGHAI (Reuters) -Chinese smartphone maker Xiaomi Corp on Wednesday reported a 9.7% fall in third-quarter revenue, hit by China's COVID-19 restrictions and softening consumer demand. Sales in the third quarter reached 70.17 billion yuan ($9.81 billion), down from 78.063 billion yuan the same quarter a year ago, slightly missing analyst expectations of 70.52 billion yuan. Net income fell 59.1% to 2.12 billion over the period from 5.176 billion yuan one year ago.
Indian investigators have alleged Chinese smartphone maker Xiaomi Corp's India unit misled its banker Deutsche Bank AG for years by claiming it had an agreement for payment of royalties when it had none, legal documents showed. Xiaomi has locked horns with India's financial crime fighting agency, the Enforcement Directorate, since it froze $670 million of the company's bank assets saying a probe found the smartphone seller made "illegal remittances" to U.S. chip firm Qualcomm and others in the "guise" of royalties.