Morgan Stanley Maintains Xiaomi's Overweight Rating, Smartphone Shipments Reach 31.2 Million Units in Q2

Morgan Stanley released a research report indicating that Xiaomi Group will announce its Q2 earnings on August 18, expecting strong performance in smartphone shipments and gross margin. The group’s quarterly total revenue is projected to exceed 100 billion yuan, with a recurring net profit of approximately 6 billion yuan. According to Omdia data, Xiaomi's smartphone shipments in Q2 reached 31.2 million units, exceeding expectations by 15%. Benefiting from a record high average selling price and resilient shipment volumes, the smartphone gross margin is expected to remain above 8% in Q2, primarily reflecting the pass-through effect of rising costs. The firm maintains an "overweight" rating on Xiaomi with a target price of 32 HKD.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.