Xiaomi is about to doom ?

Now that new smartphone brand is being started by lei jun the founder of one plus one question always ponder me what are the impacts on xiaomis business. Can it survive? Does the financial results cab forecast this question? In this work I have reviewed this angle. Because I expect a bear run for $XIAOMI-W(01810)$stock I am keeping an eye on it.

In the first quarter of 2022, XIAOMI's income and profit fell short of the market's expectations, and there was a big gap. Previously, according to Bloomberg data, the market unanimously expected XIAOMI Q1 to receive 74.6 billion yuan and an operating profit of 3.348 billion yuan.

The fact that the profit is not as good as expected is that under the former circumstances, the smart phone owned by XIAOMI has failed.

Judging from XIAOMI's three major businesses, the revenue from smart phone services is 45.763 billion yuan, that from IoT and consumer products is 19.477 billion yuan, and that from Internet services is 7.113 billion yuan.

In the same period last year, XIAOMI earned 51.5 billion yuan from smart phone services, 15.2 billion yuan from IoT and consumer products, and 6.6 billion yuan from Internet services.

In the past year, the revenue of XIAOMI's main service smart phone dropped 11.14% compared with the same period last year, representing the beginning of XIAOMI's service foundation. Although other services have increased to varying degrees, there has been no decline in mobile phone services, which has directly led to the decline in XIAOMI's overall service revenue.

From the long-term point of view of the company, the mobile phone does not work, and the growth of XIAOMI's other services is also like the source of water. In the short term, earnings and profits in the first quarter fell short of the market's expectations, and it will be seen that XIAOMI's stock market has gone up recently, and it is likely that XIAOMI's stock market will be held up for some time in the future.

From the global mobile phone market, according to Canalys data, XIAOMI sold 3850 smart phones worldwide in the first quarter of 2022, ranking third, with a market share of 12.6%. In the same period in 2021, XIAOMI sold more than 4940 smart phones worldwide. In other words, in the first quarter, XIAOMI lost 1090 million mobile phones compared with the same period last year.

$XIAOMI-W(01810)$

@TigerStars@Daily_Discussion@CaptainTiger

# 💰 Stocks to watch today?(05 Nov)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
  • ppp00
    ·2022-05-27
    Xiaomi is a good stock to hold and keep. is a stock I am watching and hope to collect at lower px. her business more than phone. they sell everything consumer needs plus ev
    Reply
    Report
  • zerolih
    ·2022-05-27
    maybe they can be more focused on their consumer products, their product series looks nice, creating a smart home
    Reply
    Report
  • smartphone demand is down cuz the global demand is down. China 1q demand is lower as well
    Reply
    Report
  • think you have to research more first
    Reply
    Report
  • ramondk
    ·2022-05-27
    Find the phones do not last long
    Reply
    Report
  • highhand
    ·2022-05-30
    yes doom, because Lao Shu Ai DaMi 老鼠爱大米! [Cool]
    Reply
    Report
  • BurnellStella
    ·2022-05-28
    I am very satisfied with the development of XIAOMI's IOT business.
    Reply
    Report
  • ElvisMarner
    ·2022-05-28
    The macro economy has left people with less money to buy new phones.
    Reply
    Report
  • BellaFaraday
    ·2022-05-28
    I hope XIAOMI can make changes in time to get back on track.
    Reply
    Report
  • Maria_yy
    ·2022-05-28
    how XIAOMI's car business is progressing?
    Reply
    Report
  • EvanHolt
    ·2022-05-28
    Mobile phone shipments in China are declining.
    Reply
    Report
  • SSW2021
    ·2022-05-27
    Thx for sharing
    Reply
    Report
  • greyGrey
    ·2022-05-27
    flying pigs 360
    Reply
    Report
  • Luckygim74
    ·2022-05-27
    Hope not
    Reply
    Report
  • ToughCoyote
    ·2022-05-27
    Look forward to your comments
    Reply
    Report
    Fold Replies
    • ToughCoyote
      And criticisms
      2022-05-27
      Reply
      Report
  • Moon_Gazer16
    ·2022-05-29
    😢
    Reply
    Report
  • bmng
    ·2022-05-28
    yes
    Reply
    Report
  • angelchow
    ·2022-05-27
    ok
    Reply
    Report
  • Allyshia
    ·2022-05-27
    good
    Reply
    Report
  • GOH87
    ·2022-05-27
    Goo d
    Reply
    Report