SHENZHEN, China : Chinese smartphone maker Xiaomi Corp reported a fall in first-quarter revenue as COVID-19 controls and lockdowns bit into demand in China while broader economic headwinds affected sales overseas.
Revenue in the quarter ending March 31 dropped to 73.35 billion yuan ($10.85 billion) from 76.88 billion and fell short of the 74.3 billion expected by analysts, Refinitiv data showed.
($1 = 6.7594 Chinese yuan renminbi)
