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Xiaomi stock: And once again at the top! - Financial Trends

Xiaomi stock: And once again at the top!

Friday was a day to forget for the Xiaomi stock. The shares of the Chinese smartphone manufacturer plummeted by more than four percent on the Nasdaq and closed at 1.51 US dollars. And yet, the week was ultimately a small success, as the price was still slightly higher than a week earlier. At that time, the Xiaomi stock was trading at $1.48 in New York. From a technical point of view, however, the group was once again indisputably ahead in the past week.

It did not look like that on Wednesday. On that day, world market leader Samsung presented the Galaxy Z Fold 4, the fourth generation of its foldable series. According to media reports, the Korean manufacturer did a lot right. According to the report, the foldable smartphone has an improved display-to-case ratio and a significant performance boost. According to Nextpit, the Galaxy Z Fold 4 offers a 7.6-inch Dynamic AMOLED display with an under-display camera and an adaptive refresh rate between 1 Hz and 120 Hz when opened. The phone is powered by Snapdragon 8+ Gen 1, the most powerful Android processor at launch.

Xiaomi outshines Samsung with Mix Fold 2

It all sounded good – and yet Xiaomi made it even better. Only one day later, Xiaomi introduced the Mix Fold 2, which also has excellent technical values. But the most unusual thing is that the case is 5.4 millimeters thin. Samung’s Z Fold 4 measures 6.3 millimeters in thickness. So, there is a world of difference between the phones in this field. Xiaomi’s device is also 3 millimeters thinner than Samsung’s flagship with 11.2 millimeters when closed.

According to, the Chinese build a high-quality triple camera with Leica branding, an improved hinge and a 1,300 nits bright LTPO OLED foldable display into all that. The main display measures 8.02 inches and reaches a resolution of 2,160 x 1,914, while the 6.56-inch secondary display on the outside has a 21:9 aspect ratio, which means it’s also wider than the Galaxy Z Fold4’s screen. The only drawback is that the Samsung Galaxy Z Fold 4 can be pre-ordered now and can be found in stores from August 26. Xiaomi, on the other hand, has not yet given any details about a possible international launch.

Tablet oriented towards Samsung and Apple

According to the tech portal Giga, the successor of the Xiaomi Pad 5, which successfully re-entered the tablet market last year after a few years of absence, will undoubtedly come to Germany. The manufacturer now wants to “really let it rip” with the Xiaomi Pad 6. Accordingly, the manufacturer is oriented towards Samsung and Apple and wants to offer several, even larger models. Displays with 10.4, 12.6 and 14 inches are being tested. The larger the screen, the higher the price will be, starting at 500 Euros.

How important a success with the Xiaomi Pad 6 would be, showed the figures of the Chinese group from the second quarter in Europe in the smartphone market. As was announced just over a week ago, Xiaomi sold only 7.5 million smartphones on the continent between April and June, according to Counterpoint Research. Compared to the same quarter last year, this was a drop of almost 40 percent. Xiaomi’s market share in Europe shrank from 27 percent to 19 percent. The competition did better:

  • Samsung increased its European market share from 27 percent to 32 percent
  • iPhone maker Apple gained 3 percent and secured 24 percent of smartphone sales

Xiaomi stock weakened recently

For all its technical superiority, such as charging times, it is therefore not surprising that the former stock market darling Xiaomi has weakened recently. Despite the slight price gain in the second week of August, the stock still lost a good five percent of its value in the past month. Even in the long term, the share price performance does not look good:

This is probably mainly due to the continuing threat of restrictions on Chinese tech companies by the Beijing government. In addition, a total of 270 Chinese companies are threatened with exclusion from Wall Street in the dispute over accounting standards; in addition to Alibaba and Baidu, Xiaomi is also repeatedly mentioned. Apparently, five Chinese state-owned companies, including the life insurer China Life and the oil giants Sinopec and Petro Chin, have now reacted and voluntarily withdrawn from the New York Stock Exchange, which partly explains the price slump in Chinese stocks on Friday.

Rather modest Xiaomi price targets

And so analysts have also recently become more cautious regarding Xiaomi. According to information from, the median price target from 32 analyses for the stock is CNY 12.26, the equivalent of USD 1.82. The experts thus expect the share price to rise by another 20 percent. The most courageous analyst assumes 23.62 CNY or 3.50 dollars – and expects more than a doubling of the price of the Xiaomi stock. In total, there are currently 20 buy recommendations for the shares, compared with four sell recommendations. Eight experts recommend holding Xiaomi.