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<Research>G Sachs: XIAOMI-W (01810.HK) 618 Sales Performance in Line w/ Focus on YU7 & Smart Glasses Launch
Recommend 12 Positive 15 Negative 2 |
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XIAOMI-W (01810.HK)'s online and offline GMV during 2025 618 shopping festival reached RMB35.5 billion, up 35% YoY, beating that of 2024 Double 11 by 11%, equivalent to 71% of Goldman Sachs' forecast for XIAOMI-W's 2Q25 China's smartphone and AIoT revenue, according to Goldman Sachs' research report. The broker believed that the performance was in line with expectations. Goldman Sachs believed that investors will next focus on the first-day sales order volume of the upcoming Xiaomi YU7 model, as well as new products such as the Xiaomi MIX Flip 2, Redmi K80 Ultra 3, Xiaomi Pad 7S Pro equipped with the XRINGO1 chip and its first AI smart glasses. The broker now kept rating at Buy, with a target price of $65. AASTOCKS Financial News Website: www.aastocks.com |
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