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Citi: Xiaomi Advances Self-Developed Chip and High-End Product Strategy, Maintains Buy Rating
4 hour ago /
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Author：小编
On September 8, Citi's research report pointed out that Xiaomi advanced its self-developed chip strategy and expanded its automotive product lineup at its September event. Citi believes that Xiaomi's enhanced hardware differentiation and broader price coverage will help increase the adoption rate of high-end models and SUV demand. The impact of recent order conversion, delivery capabilities, and launch promotions on gross margin remains a key factor affecting Xiaomi's short-term stock price. Citi maintains a Buy rating on Xiaomi with a target price of HK$34.
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