Xiaomi posted its fastest pace of revenue growth in the third quarter since its 2018 listing but warned of a ‘supply chain shortage.’
In this episode, the guys are joined by regular guest Michael Norris to review some Q2 earnings highlights of Kuaishou, Tencent, and Xiaomi.
The buybacks of Xiaomi shares come during turmoil in Asian markets. The global smartphone market is expected to be severely hit by the coronavirus outbreak.
Elliott and James welcome IDC’s VP of Device Research Bryan Ma to the show to discuss strong performance from Xiaomi in a tough year.
The company expressed optimism about the upcoming ‘5G era’ for its smartphone business.
Research firm IDC estimated in a report released April 30 that Xiaomi’s smartphone shipment volume for Q1 2019 fell 10.2% to 25.0 million units.
The company will invest more than RMB 10 billion into AIoT development over the next five years.
Xiaomi is weathering a shrinking smartphone market in China by increasing focus on others such as India and Europe.
As smartphone market growth slows in China, India has become a battlefield for Chinese smartphone makers.
iPhone sales are in the second month of double-digit decline in China.