That was a conciliatory end to the week for Xiaomi on the stock exchange. Before the weekend, the shares of the Chinese technology group had managed to leave the 3-euro mark clearly behind them. After a premium of almost four percent in Frankfurt, the Xiaomi share closed at 3.04 euros, well above the recent lows. Will the upswing continue in the new stock market week? There would be reasons for confidence, at least from an operational perspective.
Xiaomi versus Apple
As was announced last week, the new Xiaomi Mi Pad 5 tablet will probably be released as early as August. The device is supposed to take market share from Apple’s iPad Pro. According to the technical specifications, it could succeed with a screen diagonal of 11 inches, 2K resolution and Snapdragon 870 processor. In addition: Even though the price of the Xiaomi tablet has not been determined yet, it will probably be significantly lower than that of the Apple competitor.
This also applies to the Xiaomi Mi Band 6, which has been available for a long time and is offered for less than 40 Euros in online shops. However, the price is quite different, since the Apple Watch Series 6 costs ten times as much. It goes without saying that the Xiaomi fitness tracker has to make sacrifices: The Mi Band 6 does not have a GPS module or NFC. However, those who can live with that can buy it without hesitation according to a recent review. “The bottom line is that the Xiaomi Smart Band 6 is not only quite inexpensive, but also a companion that is suitable for everyday use,” inside-digital.de judged.
Xiaomi share price rises significantly
Investors have also become more confident overall again with Xiaomi. After the successful Friday, it went on Monday pre-market by another 2 cents up to 3.06 euros. The share, which fell back to 2.67 euros on July 8, has since gained almost 15 percent again.