Smartphone market to bounce back in Q3; better prepared this year: Xiaomi’s Manu Jain

Handset maker Xiaomi expects the market to bounce back in the July-September period but remains cautiously optimistic with the Covid-led lockdowns being lifted partially. It, however, highlighted supply chain related challenges, which led to delay of its flagship phone.

“…we continue to remain cautiously optimistic. With all our learnings from the last 12 months, we believe we are better prepared to handle the situation. As we anticipate the market to bounce back in Q3, we have been working towards expanding our local manufacturing capabilities to meet the rising demand,” Manu Jain, managing director, told ET.