Fitch says Xiaomi credit profile likely resilient despite phone weakness
Fitch Ratings says Xiaomi’s credit profile is likely to remain resilient this year, despite weakness in its core smartphone business. It warns rising memory costs could reduce smartphone shipments and weigh on profitability.
Xiaomi's credit profile is likely to remain resilient this year despite weakness in its core smartphone business, Fitch Ratings said in a note. Rising memory costs could weigh on smartphone shipments and profitability for the Chinese consumer electronics company, Fitch said. However, the source text is truncated and no further factual content is available.