Xiaomi beats estimates with ~$10.9B in Q1 revenue, down 4.6% YoY for its first-ever decline, and a ~$87M net loss, as China's lockdown cripples smartphone sales (Bloomberg)

Bloomberg: Xiaomi beats estimates with ~$10.9B in Q1 revenue, down 4.6% YoY for its first-ever decline, and a ~$87M net loss, as China's lockdown cripples smartphone sales  —  Xiaomi Corp. posted its first quarterly revenue decline on record after Beijing's strict Covid containment policies …
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