Xiaomi will be worth 500 billion. Should you be investing ?
@ToughCoyote:
Over the past few quarters, the$Apple(AAPL)$ $XIAOMI-W(01810)$ mobile phone industry has faced the double pressure of volume cuts and price declines. Xiaomi's revenue growth rate also continued to decline for 6 quarters, and there was even a loss in net profit from the mother in Q3 2022, but the trough period was finally overcome. According to the 2023 Q3 earnings report, Xiaomi's revenue was 70.89 billion yuan, up 0.6% year on year. Although the growth rate was not high, this was also the first correction in six quarters, and net profit returned to the same period in Q3 2020. While profits are picking up, the gross margin of Xiaomi phones als