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Citi: Xiaomi's 5G handsets are priced competitively, Xiaomi sharply rises by nearly 7%

2019-12-11T04:02:02.215Z


Xiaomi (1810) released a 5G mobile phone with a retail price starting from 1,999 yuan (CNY) yesterday. Citi released a report stating that the price of this phone is more competitive than expected and far lower than competing products. It is believed that it can make Chinese smartphones


Financial news

Written by: Yue Yueting

2019-12-11 11:48

Last updated: 2019-12-11 11:49

Xiaomi (1810) released a 5G mobile phone with a retail price starting from 1,999 yuan (RMB) yesterday. Citi released a report stating that the price of the mobile phone is more competitive than expected and far lower than competing products. It is believed that the Chinese smartphone industry will move towards 5G. Migration will help Xiaomi increase market share.

The bank estimates that Xiaomi can develop its cost advantage into competitiveness and expects the company's adjusted net profit per share to rise by 29% in 2020.

As of 11:49 am, Xiaomi reported 9.82 yuan, an increase of 6.6%, and the transaction value was 2.08 billion yuan.

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5G Xiaomi

Source: hk1

All news articles on 2019-12-11

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