Xiaomi successfully replicated the Chinese model overseas! Guo Mingyi: The shipment volume of Xiaomi mobile phones in Q4 will reach 45 million units
On October 13th, KuaiTech reported that Guo Mingyi, an analyst at Tianfeng Securities, released an article today titled "New Xiaomi Ready to Launch: Mobile Phone Business Returns to Growth Exceeds Expectations, and Automotive Business Enters a New Era".In this article, Guo Mingyi analyzed Xiaomi's automotive and mobile business, and from the content of the article, he is quite optimistic about the future development of Xiaomi's mobile business
On October 13th, KuaiTech reported that Guo Mingyi, an analyst at Tianfeng Securities, released an article today titled "New Xiaomi Ready to Launch: Mobile Phone Business Returns to Growth Exceeds Expectations, and Automotive Business Enters a New Era".
In this article, Guo Mingyi analyzed Xiaomi's automotive and mobile business, and from the content of the article, he is quite optimistic about the future development of Xiaomi's mobile business.
Guo Mingyi stated that during the recently passed Mid Autumn Festival National Day holiday, China's mobile phone market experienced significant growth, with a year-on-year growth rate of about 15%. Therefore, the quarterly and year-on-year growth of mobile phone shipments in the fourth quarter of this year is expected.
He also stated that there is currently almost no price reduction competition for Android branded phones, and the cost of mobile phones has also decreased compared to before, which is beneficial for mobile phone manufacturers to gain more profits.
As for Xiaomi mobile phones, Guo Mingyi stated that Xiaomi has a more competitive advantage compared to ordinary domestic enterprises in terms of its global layout. As the global mobile phone market recovers, Xiaomi is expected to achieve significant profits by replicating its growth model in China in overseas emerging markets.
In other words, Xiaomi is expected to be another Chinese brand that has significantly benefited from emerging markets after Chuanyin
In terms of shipment volume, it is estimated that Xiaomi's mobile phone shipment volume in the fourth quarter will be between 40 to 45 million units, with a growth rate of about 14% quarter on quarter and year-on-year, significantly better than the industry's single digit growth rate. He also stated that the key to growth lies in Xiaomi's ability to regain growth momentum in overseas markets.
By 2024, Guo Minghui predicts that Xiaomi's smartphone shipments will increase by double digits, and profits in the fourth quarter of this year and next year are expected to exceed market consensus expectations.
Tag: Xiaomi successfully replicated the Chinese model overseas Guo Mingyi
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.
