[BUSINESS]■ STORY TIMELINE
XIAOMI Q2 PROFIT BEATS EXPECTATIONS DESPITE DOWNTURN
Xiaomi reported Q2 revenue of $16.2 billion, down 6.1% year-over-year, with net income falling 21% to $1.4 billion. The results exceeded analyst estimates, suggesting the company is managing supply chain pressures better than peers.
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Bloomberg: Xiaomi reports Q2 revenue down 6.1% YoY to ~$16.2B and net income down 21% to ~$1.4B, above est., amid a pers…