Xiaomi's Q4 Profit Drops 24% Amid Setbacks

Xiaomi experienced a significant 24% decrease in net profit during the fourth quarter of 2025, surprising analysts. The decline is attributed to challenges faced in both its core smartphone business and its emerging electric vehicle (EV) operations. This dual impact suggests broader market pressures or internal execution issues affecting key growth areas for the technology conglomerate. The company is navigating a complex market environment as it diversifies beyond its traditional smartphone dominance.