Chinese smartphone maker Xiaomi’s fourth-quarter revenue and profit slides

Chinese smartphone manufacturer Xiaomi Corp. announced a 22.8 % decline in fourth-quarter revenue on Friday, reaching 66.05 billion yuan($ 9.6 billion ), according to Reuters.

Year over year, net income decreased by 67.3 % to 1.46 billion yuan($ 212.30 million ).

Chinese yuan renminbi($ 1 = 6.8771 )

( Josh Horwitz reporting; David Goodman editing )

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Chinese smartphone manufacturer Xiaomi Corp. announced a 22.8 % decline in fourth-quarter revenue on Friday, reaching 66.05 billion yuan($ 9.6 ).

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