On December 8, the market research agency CITIC Securities released an in-depth monitoring report on Xiaomi. Confirming the positive trend of the brand on the stock exchange with its shares at 30 Hong Kong dollars, the highest value since Xiaomi went public.
Xiaomi flies on the stock market, it is now worth over 100 billion US dollars
Going to date, Xiaomi has reached a total market value of over 775,7 billion Hong Kong dollars, which translated into US dollars are over 100 billion. Xiaomi has therefore officially entered the "club" of companies worth over 100 billion dollars.
Previously, CITIC Securities had pointed out in the report that as of the third quarter of 2020, Xiaomi's mobile sector has returned to third place in the world, placing itself firmly in the high-end. Secondly, in the “smartphone × AIoT” strategy, Xiaomi has become the world's leading platform for smart homes and will be the first giant in the era of the smart home.
At the same time, with the integration of smartphones and AIoT products and their enormous diffusion on the market, a market space has also opened up for online services that the brand will be able to distribute in the future.
CITIC Securities also pointed out that Xiaomi should join the trillion dollar club. According to the current share capital, if Xiaomi's share price reaches 36 Hong Kong dollars, the market value will reach 905,2 billion Hong Kong dollars, or about 116,8 billion US dollars.
We also recall that in the third quarter of 2020, global shipments of Xiaomi smartphones reached 46,6 million units, with an increase of 45,3% on an annual basis, making the brand rise to third place in the world. Device shipments in the European market increased 90,7% year-on-year and market share reached 18,7%. While the number of IoT devices connected on the Xiaomi AIoT platform has reached 289 million (excluding smartphones and laptops), with an increase of 35,8% on an annual basis and continues to be the leading "Internet of Things" platform in the world.
