Xiaomi falters in quest to beat Samsung, Apple as sales slow in third quarter amid global chip shortage, stiff competition in China

//Xiaomi falters in quest to beat Samsung, Apple as sales slow in third quarter amid global chip shortage, stiff competition in China

Xiaomi falters in quest to beat Samsung, Apple as sales slow in third quarter amid global chip shortage, stiff competition in China

Xiaomi Corp’s quest to become the world’s largest smartphone vendor in three years hit a speed bump in the third quarter, as sales slowed because of the global semiconductor shortage and weak demand in China’s highly competitive handset market.“The [chip] shortage could result in fewer shipments of 10 million to 20 million units,” said Xiaomi president Wang Xiang in a conference call on Tuesday after the market closed. He estimated shipments this year would be about 190 million units, compared…

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By | 2021-11-23T14:10:31+00:00 November 23rd, 2021|Technology|Comments Off on Xiaomi falters in quest to beat Samsung, Apple as sales slow in third quarter amid global chip shortage, stiff competition in China