Xiaomi Might Further Prioritize High-End Smartphones -- Market Talk
Dow Jones04-01 14:20
0620 GMT - Xiaomi is likely to prioritize high-end smartphones even more as memory accounts for a smaller share of the cost of these devices, says Dan Baker, senior equity analyst at Morningstar. The analyst expects a 10% decline in smartphone revenue this year and flat revenue in 2027. Xiaomi will likely to sell 580,000 units of electric vehicles in 2026 and 800,000 a year by 2030, he says. Morningstar cuts its 2026 and 2027 operating profit forecasts by around 20%, but sees smaller reductions after those years, assuming a more normal memory market by then, he says. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
April 01, 2026 02:20 ET (06:20 GMT)
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