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Xiaomi’s profit drops again as the memory crunch squeezes its phones

The Next Web

TechnologyThe Next Web·Aug 19, 2026·1 min read

Xiaomi’s profit drops again as the memory crunch squeezes its phones

Xiaomi’s profit fell again in the second quarter. A global memory shortage kept pushing up the cost of its phones. The Chinese company posted its third straight quarterly profit decline, Bloomberg reported. Adjusted net income dropped…

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