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Xiaomi sees slowest growth since listing on fewer sales, Huawei competition

Xiaomi's market share in China declined by a fifth in the April-June quarter even as Huawei's share surged by 31%, according to research firm Canalys

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Xiaomi

Reuters  |  Shanghai 

Chinese smartphone maker Xiaomi Corp posted its slowest revenue growth as a public company, missing analysts' estimates, as it lost market share to Huawei and customers held on to their phones before a 5G refresh. Xiaomi's stock, which has nearly halved from its IPO price, was down 6% in afternoon trading on Wednesday. China's smartphone market, the world's largest, is shrinking but consumers there are rallying in support of Huawei as it battles US trade restrictions. Xiaomi's market share in China declined by a fifth in the April-June quarter even as ...

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First Published: Wed, August 21 2019. 13:07 IST
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