Xiaomi to source 50% smartphone components locally, partners Optiemus for hearables
When asked about the continuous decline in shipment of Xiaomi smartphones, Muralikrishnan said that 2022 was a tough year and the company is now looking at selling reasonable volume with profitability rather than chasing volumes. He said that smartphones below Rs 10,000 apiece have been adversely impacted because people with low income have been badly hit by inflation.
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