Xiaomi shipped 40.5 million units of smartphones globally in Q3 2022, down -8% YoY. It is the third consecutive quarter that the vendor posted annual decline, though the decline rate is slowing down.
Xiaomi continued its brand uplift efforts by launching new innovative products under Mi series. Mi 12s Ultra and Mix Fold 2 are the most eye-catching ones.
- Mi 12s Ultra was launched in July. It is the first flagship device co-branded by Xiaomi and Leica, after the

