Xiaomi once again copies Apple, this time with a huge stock market collapse

Apple's shares, as many of you already know, have dropped 34% from its peak. Last week, the stock had a particularly bad day after Apple CEO Tim Cook announced that the company was lowering its guidance of fiscal first quarter revenue due to weak iPhone sales in China. The very next day, the stock crashed nearly 10% lower, and have struggled to recapture some of that lost ground since.

Well, it seems that Xiaomi, once known as China's Apple, is also going through a downward adjustment of its valuation. Over the last three days, shares of the company have dropped 17%, ...

Thursday 10 January 2019 GSM ARENA GSMArena.com