Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Wu Yanzu in South China for the delivery of clues! CTOnews.com October 13 news, Tianfeng International analyst Guo Mingyi published an analysis article on the Medium platform this afternoon with the theme "freshman millet ready to go: mobile phone business returns to exceed growth expectations, automobile business faces a new tuyere". Not only the automobile business, Guo Mingyi is also optimistic about the future performance of Xiaomi's mobile phone business.

The ▲ map is the 14-Pro rendering of Xiaomi drawn by OnLeaks. Guo Mingyi believes that the current Chinese mobile phone market "will pass the bottom and is expected to grow again." During the past Mid-Autumn Festival National Day holiday, mobile phone sales grew significantly, with an increase of about 15% year-on-year. Mobile phone shipments in the fourth quarter of this year are expected to "pick up growth" compared with the same period last year.

In addition, at present, there is no "bargain competition" for Android brands, and the cost is lower than in the past few years, so it is beneficial to the profits of brands.

Guo Mingyi estimates that Xiaomi shipped 4000 to 45 million mobile phones in the fourth quarter of this year, which will show an increase of about 14% in quarter-on-quarter and year-on-year, which is significantly better than the single-digit growth in the industry. The key, it said, is that Xiaomi can also regain its growth momentum in overseas markets.

As for 2024, Guo Mingyi expects Xiaomi mobile phone shipments to grow by double digits, and profits in the fourth quarter of this year and next year are expected to exceed market expectations.

Mr Guo said Xiaomi has a competitive advantage over ordinary Chinese companies in its global layout and is expected to benefit significantly from replicating the growth model it has done in China in the past in emerging markets as the global Android mobile phone market recovers. "in other words, Xiaomi is expected to be another Chinese brand that has benefited significantly from emerging markets."

CTOnews.com Note: the YoY and QoQ shown in the above figure are abbreviations of common comparative analysis methods in financial statements. The full name of YoY is Year On / Over Year, which refers to the year-on-year comparison, that is, the comparison of the same period of data in two years; the full name of QoQ is Quarter On / Over Quarter, which refers to the quarter-on-quarter comparison, that is, the comparison between the current quarter and the previous quarter. In addition, there is MoM, which refers to the monthly comparison.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.