Re:Xiaomi becomes number two smartphone vendor for first tim...
by ksec on Sunday July 18, 2021 @08:26AM
(#27872339)
>Makes me wonder if it's sustainable.
While there are some suspicious of doggy accounting practice and also political investment, Xiaomi is actually a company listed in HKSE 1810.HK [1] with positive cash flow and operating income. Currently valued at around ~$90B USD.
Their phone are at a very low gross margin but their other products, or they call it the Xiaomi ecosystem is quite profitable. ( Comparatively Speaking ). And of course they earn most of their profits from selling Data and Ads. Which to be fair is similar to Google. ( Cough on the surface because we dont know how those Data are used Cough )
So to answer your question, it is sustainable. And they benefited most from the Huawei incident.
While there are some suspicious of doggy accounting practice and also political investment, Xiaomi is actually a company listed in HKSE 1810.HK [1] with positive cash flow and operating income. Currently valued at around ~$90B USD.
Their phone are at a very low gross margin but their other products, or they call it the Xiaomi ecosystem is quite profitable. ( Comparatively Speaking ). And of course they earn most of their profits from selling Data and Ads. Which to be fair is similar to Google. ( Cough on the surface because we dont know how those Data are used Cough )
So to answer your question, it is sustainable. And they benefited most from the Huawei incident.
[1] https://finance.yahoo.com/quote/1810.HK?p=1810.HK&.tsrc=fin-...