Xiaomi’s profitability called into question

Chinese smartphone maker Xiaomi isn’t nearly as profitable as previously estimated. A regulatory filing yesterday in China showed the privately-held company had a net profit last year of just CNY347 million ($56 million) – ten times less than media expectations. …

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Fitch warns on Asian smartphone margins

Asia makers’ smartphone margins are expected to decline in the medium term as competition increases and handsets become more commoditised. Fitch Ratings said the pace of hardware development is slowing with more makers able to produce quality handsets, which has …

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