Xiaomi's stumble allows Apple to reclaim No.2 spot in smartphones

CNN Business2021-11-24

Hong Kong (CNN Business) - Xiaomi stumbled in the third quarter as it grappled with fallout from the global chip shortage and fiercer competition. The Chinese company, which only recently became the ...

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精彩评论

Hopehope赋予希望
2021-11-29
Hopehope赋予希望
Xiaomi management is not a sales or investor relations person. Mr Wang could have better handled the queries.@小米公司he repeatedly mentioned chip shortage at least 4 to 5 times which have led to the share price tanking almost 9 percent a day after 3q2021 results.For more, viewers could go to my Hopehope赋予希望 YouTube channel to see my review of Xiaomi 3q2021 results. As always, this should not be construed as any investment or trading advice.
robot1234
2021-11-24
robot1234
Today top loser. Hopefully, will see better results next quarter
幻想的仙人
2021-11-24
幻想的仙人
Awesome
GreenMan123
2021-11-24
GreenMan123
It is just temporary issue for Xiami to compromise the production volume.. as it fight for diff segment.. secondary mass market .. sure will recoup ''its second spot.
Huatkor
2021-11-24
Huatkor
Congrats Apple
HermioneG
2021-11-24
HermioneG
Awesome!

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Lately, the company has also announced a push into electric cars, with plans to mass produce its first vehicle in the first half of 2024.\nIt excited investors this summer after leapfrogging Apple to become the world's second best-selling manufacturer. The Beijing-based company's shipments had soared in the three months ended June, trailing only those of Samsung(SSNLF).\nSetbacks on supply\nSince then, however, Xiaomi has been hit hard by supply chain woes.\nTarun Pathak, a research director at Counterpoint, said that while component shortages had affected virtually every vendor, Xiaomi had to contend with bigger headaches due to its extensive lineup.\nIn the most recent quarter, the company offered more than 50 different smartphone models, compared to about 14 that Apple had on the market, he estimated.\nThat adds complexity and \"becomes challenging,\" said Pathak. \"Because you have to deal with a range of components.\"\nA relative lack of exposure to the problem helped Apple, in part, reclaim the second spot in the race in the third quarter, he added.\nThe US giant also benefited from strong iPhone 13 sales, according to Canalys Research. In a recent report, the firm estimated that Apple had nabbed 15% of global shipments, just one percent more than Xiaomi.\nBut don't count Xiaomi out, according to Pathak.\nHe said the firm could well reclaim its runner-up position, particularly as it usually performs strongly in the first half of the year, with upcoming events such as Chinese New Year.\nCustomers buying phones at a Xiaomi store in Yantai, Shandong province, China, in September.\nXiaomi's ultimate goal — of eventually getting to number one — isn't out of the question either, according to Pathak.\nHe said the company would need to retain its lead in two of its most important markets, China and India, while working to carve out a greater presence in places such as the United States.\n\"If they [become] number one, it can't be just because of these two countries,\" Pathak said. \"The US has the number three [smartphone] market in the world, which is largely missing from Xiaomi's portfolio.\"\nXiaomi posted overall revenue of 78.1 billion yuan ($12.2 billion) in the third quarter. That represented an 8% increase compared to the same time last year, but was slightly less than analysts were expecting.\nNet profit climbed 25% to nearly 5.2 billion yuan ($814 million) during that period, slightly higher than analyst projections.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":600655847,"gmtCreate":1638150029043,"gmtModify":1638150645375,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://static.tigerbbs.com/9d9527ab7ac6557b84288abebb9ec540","vip":2,"crmLevel":8,"crmLevelSwitch":0},"htmlText":"Xiaomi management is not a sales or investor relations person. Mr Wang could have better handled the queries.<a href=\"https://laohu8.com/U/3551155462363418\">@小米公司</a>he repeatedly mentioned chip shortage at least 4 to 5 times which have led to the share price tanking almost 9 percent a day after 3q2021 results.For more, viewers could go to my Hopehope赋予希望 YouTube channel to see my review of Xiaomi 3q2021 results.&nbsp;As always, this should not be construed as any investment or trading advice.","listText":"Xiaomi management is not a sales or investor relations person. Mr Wang could have better handled the queries.<a href=\"https://laohu8.com/U/3551155462363418\">@小米公司</a>he repeatedly mentioned chip shortage at least 4 to 5 times which have led to the share price tanking almost 9 percent a day after 3q2021 results.For more, viewers could go to my Hopehope赋予希望 YouTube channel to see my review of Xiaomi 3q2021 results.&nbsp;As always, this should not be construed as any investment or trading advice.","text":"Xiaomi management is not a sales or investor relations person. Mr Wang could have better handled the queries.@小米公司he repeatedly mentioned chip shortage at least 4 to 5 times which have led to the share price tanking almost 9 percent a day after 3q2021 results.For more, viewers could go to my Hopehope赋予希望 YouTube channel to see my review of Xiaomi 3q2021 results. As always, this should not be construed as any investment or trading advice.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600655847","repostId":1107838719,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874156562,"gmtCreate":1637747412484,"gmtModify":1637747412484,"author":{"id":"3561596430587504","authorId":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Today top loser. Hopefully, will see better results next quarter","listText":"Today top loser. Hopefully, will see better results next quarter","text":"Today top loser. Hopefully, will see better results next quarter","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874156562","repostId":1107838719,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874185320,"gmtCreate":1637744549811,"gmtModify":1637744549811,"author":{"id":"3576021805916546","authorId":"3576021805916546","name":"幻想的仙人","avatar":"https://static.tigerbbs.com/1a107a9d65401870a74fa2225f1d9697","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874185320","repostId":1107838719,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874387810,"gmtCreate":1637731573441,"gmtModify":1637732127030,"author":{"id":"4087728163353730","authorId":"4087728163353730","name":"GreenMan123","avatar":"https://static.tigerbbs.com/7102402af7cf840858ba718620b4eb3c","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"It is just temporary issue for Xiami to compromise the production volume.. as it fight for diff segment.. secondary mass market .. sure will recoup ''its second spot.&nbsp;","listText":"It is just temporary issue for Xiami to compromise the production volume.. as it fight for diff segment.. secondary mass market .. sure will recoup ''its second spot.&nbsp;","text":"It is just temporary issue for Xiami to compromise the production volume.. as it fight for diff segment.. secondary mass market .. sure will recoup ''its second spot.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874387810","repostId":1107838719,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874311846,"gmtCreate":1637729555187,"gmtModify":1637729555370,"author":{"id":"3581919183376534","authorId":"3581919183376534","name":"Huatkor","avatar":"https://static.tigerbbs.com/6f3897aace055b5fa9f58089c1e880d8","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Congrats Apple","listText":"Congrats Apple","text":"Congrats Apple","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874311846","repostId":1107838719,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874957078,"gmtCreate":1637723249021,"gmtModify":1637723249138,"author":{"id":"3581581151725380","authorId":"3581581151725380","name":"HermioneG","avatar":"https://static.tigerbbs.com/449ae31dcb8cfcd4dcedab9bc5dec8aa","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Awesome!","listText":"Awesome!","text":"Awesome!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874957078","repostId":1107838719,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":54,"commentSize":12,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.25.1","shortVersion":"4.25.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1107838719"}