Xiaomi share price

Xiaomi Share Hits A New High Breaking Through 30.85 Hong Kong Dollars!

On December 8, CITIC Securities released an in-depth tracking report of Xiaomi. It maintained the “Buy” rating of Xiaomi and raised the target price of Xiaomi to 36 Hong Kong dollars ($4). It is the highest target price in the entire market since Xiaomi went public.

Looking at it now, Xiaomi is gradually surpassing this goal. Before 11 o’clock in the morning on December 21, Xiaomi’s stock price broke through 30.85 Hong Kong dollars. And the overall market value exceeded 775.7 billion Hong Kong dollars. After conversion, it exceeded 100 billion US dollars. Xiaomi officially entered the 100-billion-dollar club.

Xiaomi share price

In Q3 of 2020, Xiaomi’s global shipments of smartphones reached 46.6 million units, a year-on-year increase of 45.3%, rising to the third place in the world. In addition, smartphone shipments in the European market increased by 90.7% year-on-year, with a market share of 18.7%. The number of connected IoT devices on the Xiaomi AIoT platform reached 289 million (excluding smartphones and laptops), a year-on-year increase of 35.8%. And of course, it continues to be the world’s leading consumer-level Internet of Things.

Xiaomi’s smartphones are firmly established in the high-end market. Within the first 10 months of 2020, Xiaomi’s domestic smartphones priced at RMB 3,000 and above, and overseas priced at 300 Euros and above, have sold over 8 million smartphones globally.

Currently, Xiaomi Mi 11 will launch the world’s first Snapdragon 888 chip and continue to build the top Android flagship.

The first giant in the smart home era

Earlier, CITIC Securities pointed out in the report that as of Q3 2020, Xiaomi’s smartphone business has returned to third place in the world, standing firmly at the high end. Secondly, the “smartphone × AIoT” strategy refers to the next generation of technological dividends. Xiaomi has also become the world’s leading smart home platform. Moreover, it will be the first giant in the smart home era.

At the same time, with the integration of smartphones and AIoT scenarios, after the multiplier effect has truly exploded, the Internet has a huge long-term realization space.

CITIC Securities also pointed out that Xiaomi may join the trillion-dollar market capitalization club. According to the current share capital, if the stock price of Xiaomi reaches 36 Hong Kong dollars, the market value will reach 905.2 billion Hong Kong dollars or about 116.8 billion US dollars.

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