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

FILE PHOTO People walk past a Xiaomi store in Shenyang Liaoning province China June 12 2018. REUTERSStringer

FILE PHOTO: People walk past a Xiaomi store in Shenyang, Liaoning province, China June 12, 2018. REUTERS/Stringer

SHANGHAI (Reuters) - Chinese smartphone maker Xiaomi Corp on Friday posted a 22.8% drop in fourth-quarter revenue to 66.05 billion yuan ($9.6 billion).

Net income fell by 67.3% year on year to 1.46 billion yuan ($212.30 million).

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