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CLSA has reported that Xiaomi has unveiled four models in its SkyNomad lineup, specifically designed for business and family customers. Within just four minutes of their release, the company secured 10,000 orders. CLSA anticipates that Xiaomi will ship around 90,000 units by 2026. Additionally, Xiaomi has introduced the Xiaomi 18 Fold and Xiaomi Pad 9 Pro Max, marking its entry into the ultra-high-end market with the goal of boosting average selling prices and gross profit margins. CLSA is confident that Xiaomi’s revenue and profits will hit their lowest point in the third quarter of 2026 before rebounding in the fourth quarter, thanks to its strong long-term competitive advantages. The firm maintains an ‘Outperform’ rating for Xiaomi, setting a target price of HK$35.
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