Xiaomi traded at 29.02 this Friday August 21st, increasing 1.26 or 4.54 percent since the previous trading session. Looking back, over the last four weeks, Xiaomi gained 8.77 percent. Over the last 12 months, its price fell by 44.78 percent. Looking ahead, we forecast Xiaomi to be priced at 28.10 by the end of this quarter and at 25.51 in one year, according to Trading Economics global macro models projections and analysts expectations.
XIAOMI CORPORATION is a China-based investment holding company principally engaged in the research, development and sales of smartphones, Internet of things (IoTs) and lifestyle products, the provision of Internet services, and investment business. The Company mainly conducts its businesses through four segments. The Smartphone segment is engaged in the sales of smartphones. The IoT and Lifestyle product segment is engaged in the sales of other in-house products, including smart televisions (TVs), laptops, artificial intelligence (AI) speakers and smart routers; ecosystem products, including IoT and other smart hardware products, as well as certain lifestyle products. The Internet service segment is engaged in the provision of advertising services and Internet value-added services. The Others segment is engaged in the provision of repair services for its hardware products. The Company distributes its products in domestic market and to overseas markets.