The loser wins the world? Users are angry! Xiaomi: the person involved has left

category:Finance
 The loser wins the world? Users are angry! Xiaomi: the person involved has left


These remarks make complaints about the grass root, and many customers feel offended. Some netizens commented: young people are so cock, I have a feeling of being insulted.

In response, Xiaomi company issued a statement on November 25, saying that Wang Mei felt deeply sorry for the harm caused to rice noodles and users by his careless wrong remarks, and offered to resign and be responsible for this.

The Internet has memories. In fact, in Xiaomis past growth process, it is really inseparable from the loser culture. Xiaomi company also launched the diaosi culture shirt in that year. In an interview in his early years, Lei Jun, the founder of Xiaomi, also mentioned: the loser wins the world, and I rely on Hongmi mobile phone to win the world. In Lei Juns view, loser is not a word that is shy to mention. In an interview, he once said: I dont mind being a loser leader.

At that time, the word diaosi was just a self mocking term. However, with the change of time, the semantic meaning of diaosi has changed in todays Internet context. Now it is not appropriate to use diaosi as a metaphor for their own users. Xiaomis subsequent high-end brand development still needs the strength of the younger generation.

Xiaomis third quarter results exceeded expectations, and its market share surpassed Apples and ranked among the top three

On November 24, Xiaomi group released the third quarter report of 2020. According to the financial report, in the third quarter of 2020, Millets total revenue reached 72.2 billion yuan, a year-on-year increase of 34.5%; the adjusted net profit was 4.1 billion yuan, with a year-on-year growth of 18.9%. Overall performance far exceeded market expectations, revenue, net profit and other performance indicators of up to 15, a single quarter record high.

Xiaomi said that the mobile phone xaiot strategy has achieved remarkable results, and the core business of smart phones has returned to the third place in the world against the trend, and has stabilized the high-end market. In the third quarter of 2020, the global shipment of Xiaomi smart phones will reach 46.6 million, with a market share of 13.5%. Europes smartphone market share remained the third for two consecutive quarters, and Western Europes smartphone market share entered the top three for the first time. Aiot continues to maintain its leading position, with the number of IOT connected devices approaching 300 million, and Xiaomis smart TV shipment ranks first in China.

According to the global smartphone market share report released by counterpoint, an authoritative big data research organization, in the third quarter of 2020, the global smartphone shipment volume in the third quarter of 2020 was 353.6 million, a year-on-year decrease of 1.3%. Samsung regained the top spot, and Huawei saw the biggest drop, with a year-on-year decrease of 24%. It is reported that this is the first time Huaweis shipment has fallen since 2014, and Xiaomi is the one who fills Huaweis vacancy. Xiaomi has surpassed apple to occupy the third place in the global smartphone market share, and this is the first time that Apple has fallen out of the top three since it joined the list.

Year to date share price up more than 140%

Since the end of March this year, Xiaomis share price has been rising all the way. On November 23, the share price of Xiaomi group reached a record high of HK $28.4, with a total market value of HK $670 billion. As of the latest closing date (November 25), the shares of Xiaomi group closed at HK $26.15/share, with a total market value of HK $631.1 billion. In spite of the recent two trading days, the stock price of Xiaomi group has seen a correction, but on the whole, its share price has increased by 142.58% since this year.

It is worth noting that there is still a gap between the current market value of Xiaomi and Lei Juns wish of $200 billion market value before listing.

On November 25, some investment banks raised the target price of millet to HK $34. Among them, Goldman Sachs reiterated its buy rating on Xiaomi, raising its target price from HK $29.4 to HK $30.5; CMB international raised its target price of millet to HK $31.1; JP Morgan Chase raised its target price of millet to HK $32, rating it as overweight; bocom raised its target price of millet from HK $25 to HK $33 to maintain its buy rating; and CICC raised its target price to HK $34.

China Research Groups expected strong sales of smart phones in China as well as ASPs strong sales in the quarter were due to the companys strong sales volume in Chinas smart phone market. CICC believes that Xiaomi is ready for a substantial capital increase in the volume of 2021 smart phones and Internet services, and suggests investors pay attention to the market share of Xiaomi mobile phones, which is a key factor affecting Xiaomis share price. However, some institutions hold a more conservative and cautious attitude towards Xiaomi, and their concerns mainly come from the competitive environment in the mobile phone market. The future operation of Huawei after the sale of glory, the rise of Xiaomis local competitors in overseas markets, and the strength of oppo and its brand realme in the Chinese market have attracted the most attention of the outside world. On November 25th, the Wall Street Journal quoted Citigroup as saying that if glory exits, it will further increase Xiaomis shipment by 10 million to 15 million units. But Citigroup said it would have to lower its expectations of Xiaomis profits if glory remained in the market. The loser wins the world. Source: Securities times.com editor in charge: Yang Bin_ NF4368

China Research Groups expected strong sales of smart phones in China as well as ASPs strong sales in the quarter were due to the companys strong sales volume in Chinas smart phone market. CICC believes that Xiaomi is ready for a substantial capital increase in the volume of 2021 smart phones and Internet services, and suggests investors pay attention to the market share of Xiaomi mobile phones, which is a key factor affecting Xiaomis share price.

However, some institutions hold a more conservative and cautious attitude towards Xiaomi, and their concerns mainly come from the competitive environment in the mobile phone market. The future operation of Huawei after the sale of glory, the rise of Xiaomis local competitors in overseas markets, and the strength of oppo and its brand realme in the Chinese market have attracted the most attention of the outside world.

On November 25th, the Wall Street Journal quoted Citigroup as saying that if glory exits, it will further increase Xiaomis shipment by 10 million to 15 million units. But Citigroup said it would have to lower its expectations of Xiaomis profits if glory remained in the market.

The loser wins the world