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Xiaomi: High-end Handset Sales Hike 43% YoY This Yr; Global MAUs Top 686M
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Xiaomi's global smartphone shipments are estimated to grow by 23.5 million units YoY, with sales of high-end phones up 43% this year compared to the same period last year, XIAOMI-W (01810.HK) president, Lu Weibing, said at Xiaomi's “Human x Car x Home” partner conference. Lu emphasized the company's focus on high-end market strategy, believing that global sales of high-end phones will expand 43% YoY in the next four years, and that Xiaomi has already secured a firm foothold in the price range of RMB4,000-6,000, with the goal of further busting above the RMB6,000-mark in the future. In addition to smartphones, Xiaomi has seized lion' shares in smart speakers, smart door locks and cameras, and the number of Xiaomi's monthly active users (MAUs) worldwide has topped 686 million. Xiaomi's R&D investment is expected to reach RMB24 billion this year and RMB30 billion next year, totaling more than RMB100 billion over the next five years, the president added. XIAOMI-W’s share price had a good run today (27th), opening 2.29% higher and peaking at $34.95. It last traded at $34.2, up 4.43%, with 252 million shares traded, involving $8.634 billion. AAStocks Financial News |
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