Q2 ‘23: Xiaomi: Soft in Asia Pacific
Xiaomi’s smartphone shipments fell -16% YoY in Q2 2023. Though its performance improved from a quarter ago, Xiaomi still posted decline in most regions with its smartphone operations. Asia Pacific posted sharpest decline this quarter, blaming to Xiaomi’s soft performance in China, headwinds in India, and the intensified competition in other Asian markets. For a rebound in the second half of 2023, Xiaomi needs to stabilize its performance in Asia Pacific the sooner the better.
The authoritative information platform to the semiconductor industry.
Discover why TechInsights stands as the semiconductor industry's most trusted source for actionable, in-depth intelligence.