Financial news
Written by: Yue Yueting
2019-12-11 11:48
Last updated: 2019-12-11 11:49Xiaomi (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