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China’s Xiaomi Q4 2023 Revenue Rises 11%, Beats Estimates 

A visitor looks at a Xiaomi Mix Fold 3 model smartphone at its store at a shopping mall in Beijing on March 19, 2024. (AFP)
A visitor looks at a Xiaomi Mix Fold 3 model smartphone at its store at a shopping mall in Beijing on March 19, 2024. (AFP)
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China’s Xiaomi Q4 2023 Revenue Rises 11%, Beats Estimates 

A visitor looks at a Xiaomi Mix Fold 3 model smartphone at its store at a shopping mall in Beijing on March 19, 2024. (AFP)
A visitor looks at a Xiaomi Mix Fold 3 model smartphone at its store at a shopping mall in Beijing on March 19, 2024. (AFP)

Chinese smartphone maker Xiaomi reported a 10.9% rise in fourth-quarter revenue on Tuesday, boosted by strong smartphone sales in an industry showing signs of recovery.

Revenue reached 73.24 billion yuan ($10.17 billion) in October-December, versus the 73.17 billion yuan average of 15 analyst estimates compiled by LSEG.

Adjusted net profit rose 236.1% from the same period a year earlier to 4.9 billion yuan. That compared with the 3.89 billion yuan average analyst estimate.

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Meta's Instagram Down for Thousands of Users in US, Downdetector Shows

Instagram app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
Instagram app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
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Meta's Instagram Down for Thousands of Users in US, Downdetector Shows

Instagram app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
Instagram app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

Meta Platforms's Instagram was down for thousands of users in the US on Wednesday morning, according outage tracking website Downdetector.com.

There were more than 6,549 incidents of people reporting issues with the platform as of 9:16 a.m. ET, according to Downdetector, which tracks outages by collating status reports from a number of sources.

Meta did not immediately respond to a Reuters request for comment.

Last year, Facebook, Instagram and WhatsApp platforms faced disruptions on several occasions, including a global outage in March.

Downdetector's numbers are based on user-submitted reports. The actual number of affected users may vary.