Chinese media reports: Xiaomi plans to lay off ~15% of its 35,314 employees amid weaker sales due to China’s COVID-19 lockdowns and slower consumer spending (Che Pan/South China Morning Post)

Tracy Qu / South China Morning Post:
Canalys: smartphone shipments in India fell 6% YoY to 44.6M units in Q3 2022; Xiaomi shipped 9.2M units, down 18% YoY, for a 21% share, followed by Samsung  —  Xiaomi Corp held onto the top of the leaderboard in India ‘s vast smartphone market, despite the sector’s overall decline …

Jon Porter / The Verge:
Xiaomi announces the flagship €599 12T, featuring a 108MP camera, and €759 12T Pro, featuring a 200MP camera, both with 6.67-inch displays, available October 13  —  Xiaomi has officially announced its flagship smartphone lineup for the second half of the year — the Xiaomi 12T and 12T Pro.

Che Pan / South China Morning Post:
SMIC reports Q3 revenue up 34.7% YoY to $1.91B, with net profit up 54.1% YoY to $574.4M, and expects Q4 revenue to decline by 13% to 15% due to US sanctions  —  Semiconductor International Manufacturing Corp (SMIC) said it is assessing in more detail the impact from the latest US export control measures …

Che Pan / South China Morning Post:
A profile of YMTC, China’s top memory chip maker that could end up in the crosshairs of US sanctions; YMTC had 1% share of the global memory chip market in 2020  —  A few months before the US-China trade war started in July 2018, local media coverage of President Xi Jinping was focused …

Reuters:
Canalys: China’s Q3 smartphone shipments fell 11% YoY to 70M; Vivo, Oppo, and Honor fell 23%, 27%, and 16% respectively, Apple rose 36% on iPhone 14 Pro demand  —  Smartphone shipments in China fell 11% year-on-year in Q3 2022, with privately-owned Vivo taking the top spot, research firm Canalys reported on Thursday.

Benjamin Mayo / 9to5Mac:
Apple announces the 6.1-inch iPhone 14 and 6.7-inch iPhone 14 Plus with the iPhone 13’s design and notch, last year’s A15, improved camera sensors, and more  —  Apple today announced the iPhone 14 and iPhone 14 Plus, as part of its September media event.  The phones come in a new color lineup …