Xiaomi's profit drops 24% in Q4 as smartphone, EV operations face setbacks

Nikkei Asia | March 24, 2026, 7:57 a.m. | Original

HONG KONG -- Xiaomi recorded a surprise 24% drop in net profit for the fourth quarter of 2025, as the smartphone vendor-turned-electric vehicle maker hit roadblocks amid sluggish sales and intense competition.

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