Xiaomi

Hubei province has gradually lifted travel restrictions and reopened public places as the number of active cases dropped below 1,000.

But the sting could still be felt.

The company reported revenue of USD 7.97 billion, up 27% year-on-year.

The company’s rotating chairman cautioned that the external environment will only get more complicated going forward.

Worldwide smartphone shipments in Q2 are predicted to plunge by 26% year-on-year.

While Samsung and Apple have remained as top two smartphone vendors in the world.

Xiaomi and its main Android handset rivals, including Huawei, Oppo, and Vivo, had been hoping to boost sales this year with 5G smartphones.

Xiaomi continues to be the largest Chinese wearables vendor.