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Xiaomi reports Q2 revenue down 6.1% YoY to ~$16.2B and net income down 21% to ~$1.4B, above est., amid a persistent memory shortage and weaker smartphone demand (Bloomberg)

Xiaomi Corp. posted profit that fell less than expected, raising hopes it can weather a persistent memory shortage that's weakened demand for smartphones.

We haven't written up this one. Techmeme has the full story — the link below goes straight to it.

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