Xiaomi's 1Q Results Likely Weighed by Smartphone, EV Headwinds -- Market Talk

Dow Jones05-01 15:43

0743 GMT - Xiaomi's 1Q results are likely to be weighed by smartphone and EV headwinds, Citi analysts say in a research note. Xiaomi's 1Q revenue likely fell 13% on year to 97 billion yuan, with smartphone sales likely down 14%, the analysts say. Xiaomi shipped 33.8 million units of smartphone globally in 1Q, down 19%, according to IDC data. Xiaomi lost its position from the top 5 vendors in China, with analysts noting Xiaomi strategically lowered its low-margin smartphone shipment to protect profitability amid higher memory prices. Citi lowers its Xiaomi 2026-2028 smartphone shipments to 135 million, 140 million and 145 million, respectively. Shares last ended at HK$29.02. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

May 01, 2026 03:43 ET (07:43 GMT)

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