Daiwa Sees Xiaomi's Smartphone Revenue Firming in Q3 Despite Lower Shipments
Daiwa analyst John Choi expects Xiaomi's smartphone revenue to have strengthened in the third quarter on higher selling prices, even as shipments likely fell.
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what happened
In a note cited by Market Talk, Daiwa analyst John Choi argues that Xiaomi's handset sales likely grew in the third quarter. In his view, the main driver is higher prices being passed on to buyers, while demand held up thanks to recent launches. Daiwa projects total revenue of 106 billion yuan for the period.
Shipments, however, probably declined, since the company deliberately limited volumes and shifted its lineup toward pricier devices. Average selling prices, meanwhile, are expected to have kept rising at a solid pace as the premium strategy continued.
Daiwa raised its target on the shares to HK$35.00 from HK$30.00 and keeps its buy recommendation. The stock last traded at HK$28.64.
why it matters
The note concerns one issuer, so its effect on the broader market is limited. Investors should treat the figures as one brokerage's estimate and a forecast ahead of the company's reporting, not as confirmed results.
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sources
- Xiaomi's 3Q Smartphone Revenue Likely Strengthened — Market Talk, 3 November 2026 at 04:45 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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