Xiaomi's Sales Plummet, Indicating Worsening Phone Market Trend. In a shocking sign of the slowing global demand for smartphones, Chinese tech giant Xiaomi has reported its slowest sales growth in years, sparking concerns about the company's future prospects. Despite being one of the world's leading smartphone manufacturers, Xiaomi's sales have failed to impress, with the company's revenue growth rate plummeting to a mere 3.7% in the latest quarter. This decline is particularly alarming, given the company's rapid expansion in recent years, and may indicate a broader trend of decreased demand for high-end smartphones.
Xiaomi Sales Grows Slowest in Years in Sign of Poor Phone Demand Bloomberg.com