Since June 2023, the value of all Xiaomi shares has increased by $20 billion, or 60%. In this respect reports Bloomberg publication.
Bloomberg reported that the main reasons for Xiaomi’s growth include the launch of its new flagship smartphone series Xiaomi 14 and the optimistic mood of investors towards the company’s projects in the field of electric vehicles. According to journalists, the decline in Apple’s revenue in China and the fact that Huawei benefited from it played an important role.
“All of this has made the company’s shares the best in the Hang Seng Technology Index,” writes Bloomberg.
Analysts believe that Xiaomi shares will continue to rise further. The drivers will be the company’s developments in electric vehicles and so-called “artificial intelligence of things” (AIoT). The popular flagship Xiaomi 14 will also continue to bear fruit. Experts expect the great demand for these models to continue due to the upcoming New Year sales.
“Xiaomi is the only one among the top five smartphone brands to see shipments increase in the third quarter of 2023, both on a quarter-over-quarter and year-on-year basis. This is because the seller strengthens its position in key markets such as China and India,” said analytics firm Counterpoint Research.
Previously accidentally Apple delivered gave 60 boxes of iPhones to a customer and asked for them back.