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Chinese Smartphone Maker Xiaomi’s Revenue and Profit Slides

This photograph shows the Xiaomi logo at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2023. (AFP)
This photograph shows the Xiaomi logo at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2023. (AFP)
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Chinese Smartphone Maker Xiaomi’s Revenue and Profit Slides

This photograph shows the Xiaomi logo at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2023. (AFP)
This photograph shows the Xiaomi logo at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2023. (AFP)

Chinese smartphone maker Xiaomi Corp on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs.

Sales in the fourth quarter of 2022 reached 66.05 billion yuan ($9.6 billion), down 22.8% from 85.58 billion yuan a year earlier.

The numbers were slightly ahead of analyst expectations, but they mark the fourth consecutive revenue drop for the company, and its steepest on record yet.

Net income fell to 1.46 billion over the period, down 67.3% from 4.473 billion yuan a year earlier.

The company's revenue for 2022 was 280.04 billion yuan, a drop of 14.7%, while net income came in at 8.52 billion yuan, down 61.4%. Both figures fell short of analyst expectations.

Overall consumption in China dragged on most product categories in the fourth quarter, as the abrupt lifting of strict COVID-19 curbs led to a rapid spread in infections across the country.

All major smartphone brands experienced a sales slump in China over the period, based on research firm Canalys. Xiaomi, however, took the largest hit with shipments dropping 37% year on year, the Canalys data showed.

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AI Can Identify Women at Risk of Breast Cancer Years in Advance, Study Finds

Visitors walk past a sculpture of a pink ribbon installed to promote the "Pink Ribbon" breast cancer awareness campaign in this illustration, October 5, 2011. (Reuters)
Visitors walk past a sculpture of a pink ribbon installed to promote the "Pink Ribbon" breast cancer awareness campaign in this illustration, October 5, 2011. (Reuters)
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AI Can Identify Women at Risk of Breast Cancer Years in Advance, Study Finds

Visitors walk past a sculpture of a pink ribbon installed to promote the "Pink Ribbon" breast cancer awareness campaign in this illustration, October 5, 2011. (Reuters)
Visitors walk past a sculpture of a pink ribbon installed to promote the "Pink Ribbon" breast cancer awareness campaign in this illustration, October 5, 2011. (Reuters)

Artificial intelligence is able to identify women who have an elevated risk of developing breast cancer several years before it is diagnosed, the Norwegian Institute of Public Health (FHI) said on Tuesday.

Five researchers from FHI, the University of California and the University of Washington were given access to a commercially available AI program to retroactively analyze the mammographies of 116,495 women who took part in a Norwegian detection program between 2004 and 2018.

In total, 1,607 of the women developed breast cancer.

The algorithm was able to predict which women ran a higher risk of developing breast cancer, and even identify which breast was at risk, four to six years before a diagnosis.

"We noted that the breast which developed cancer had an AI score about twice as high as the other breast," said Solveig Hofvind, who heads the detection program and the AI project.

"The study shows that the AI algorithms already available on the market can be used to develop more personalized detection programs," she said.

AI could be used for early detection of breast cancer, to reduce costs and better target at-risk populations, FHI said.

According to the World Health Organization, 670,000 women died of breast cancer in 2022, the most common form of cancer among women in most countries.

The study is published in the Journal of the American Medical Association Network, which edits a collection of prestigious medical journals.

The Norwegian detection program also launched a project last year involving 140,000 women to determine whether AI could be as efficient as, or even better than, radiologists to diagnose cancer cases.