Xiaomi Plummeted By 11% After US Backlash
Xiaomi Plummeted By 11% After US Backlash Xiaomi, one of the biggest smartphone manufacturers in China, has seen an 11% dive in stock price after being blacklisted by the US. The tech giant joined 11 firms targeted by Washington, claiming that they "posed a threat to national security." According to the International Data Corporation, Xiaomi Corporation overtook Apple in smartphone sales in the third quarter of 2020 for the very first time in history, thanks to its wide variety of budget and high-end Android smartphones. Last year, Apple launched the iPhone 12, while Xiaomi launched its Mi 9...
Source: itechpost.com