Xiaomi (1810) has delayed the launch of its latest flagship phones after the announcement of former Chinese president Jiang Zemin's death yesterday.
The new release date has not been confirmed, Xiaomi said in a Weibo post after the market closed yesterday.
The Chinese smartphone maker was scheduled to unveil the Xiaomi 13 series and its Android-based mobile operating system MIUI 14 today.
The flagship devices will be equipped with the new Qualcomm Snapdragon 8 Gen 2 processor, with the CPU multi-core performance being comparable to Apple's latest A16 chip, according to chief executive Lei Jun.
The firm suffered a net loss of 639.1 million yuan (HK$704.2 million) in the first nine months of this year compared to a net income of 16.8 billion yuan a year ago, as it battled a slumping global market and weak demand at home.
Global smartphone sales are set to decline 2.9 percent next year following a 12.2 percent slump in 2022, Jefferies predicted last month.
Lei has made electric vehicles Xiaomi's lodestar for future growth - pledging US$10 billion (HK$78 billion) in investment and spinning off a separate company for the venture.
Shares of Xiaomi rose 3.5 percent yesterday but have lost about 44 percent of its value since the start of this year.
