Q1 2024 – Xiaomi: Solid Growth in Emerging Markets

Q1 2024 – Xiaomi: Solid Growth in Emerging Markets

 
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Xiaomi posted the annual smartphone volume growth for three quarters in row in Q1 2024, outpacing the global market with a 34% YoY growth rate. The robust momentum in India and emerging markets primarily led to the solid growth. However, increasing macroeconomic uncertainties, heightened competition, and potential inventory correction would cap the future growth.

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