Xiaomi Says EV Plans Running Ahead of Schedule Amid Revenue Drop Report

Xiaomi Says EV Plans Running Ahead of Schedule Amid Revenue Drop Report

Chinese smartphone maker Xiaomi reported a 4 percent revenue drop in the second quarter, tracking a shrinkage in China’s handset market, but said its move into making electric vehicles was running ahead of schedule. Sales dropped to CNY 67.4 billion (nearly Rs. 76,450 crore) from CNY 70.17 billion (nearly Rs. 80,650…

Apple Said to Hover Above Competition Even as Smartphone Market Stumbles

Apple Said to Hover Above Competition Even as Smartphone Market Stumbles

The global smartphone market may be tumbling, but the iPhone 13 continues to sell well, and Apple is expecting its upcoming iPhone 14 to do even better at launch. Apple‘s slightly higher expectations for the forthcoming iPhone 14 underscore a growing belief among Wall Street analysts that the Cupertino-based company’s…