Xiaomi, Honor Look Ready to Push Tri-fold Handsets, Following the Lead of Huawei's Mate XT
European auto stocks have dropped to a record low, but investors still choose to avoid them.
European auto stocks are currently very unpopular, to the point that investors are continuously reducing their shareholding.
TechInsights: In the second quarter, smart phone shipments in the Americas and Latin America regions increased by 13.1% year-on-year.
In Q2 2024, the smart phone market in Central and Latin Americas (CALA) saw a significant year-on-year growth, reaching 13.1%, exceeding the global smart phone market's 7.6% year-on-year growth rate. This significant growth is mainly attributed to strong performance of Chinese manufacturers in the region's emerging markets.
[Brokerage Focus] Minsheng Securities maintains a "recommended" rating for Xiaomi Group (01810), bullish on the development of the "person, car, and home, all ecosystem" global strategy.
Jingu Financial News | Minsheng Securities issued a research report pointing out that Xiaomi Group (01810) has achieved a revenue CAGR of 9.15% from 2018 to 2023, and an adjusted net income CAGR of 17.64%. In 2Q24, Xiaomi's overall development momentum remained stable, and both group revenue and profitability achieved significant growth again, with 2Q24 revenue of 88.9 billion yuan, reaching a historical high, +32.0% year-on-year; adjusted net income reached 6.2 billion yuan, +20.1% year-on-year. Looking at the business segments, the revenue of the smartphone business in 2Q24 was 46.5 billion yuan, +27.1% year-on-year, with a gross margin of 12.1%; IoT and lifestyle consumer products revenue reached
The European Union car market is shrouded in gloom: new car sales in August hit a three-year low, with EV sales falling sharply by 43% year-on-year.
① The EU's new car sales in August fell by an astonishing 18.3% year-on-year, reaching the lowest level in three years; ② The European Automobile Manufacturers Association (EAMA) stated that sales of electric cars in the EU in August fell by 43.9% year-on-year, marking the fourth consecutive month of decline.
IDC: In the second quarter, the global smart floor cleaning robot market increased by 15.7% year-on-year, and Chinese manufacturers ranked first for the first time.
IDC's Global Smart Home Device Market Quarterly Tracking Report for the second quarter of 2024 shows that in the second quarter, global smart sweepers shipped 5.117 million units, a year-on-year increase of 15.7%.
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