Xiaomi’s EV Arm Makes a Profit for 1st Time
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Making money from EVs is notoriously hard. Xiaomi just joined a tiny list of carmakers doing it.
Smartphone maker Xiaomi said its EV business had turned a quarterly profit for the first time, less than two years after launching its first car.
Xiaomi has just announced its own high-end chip that is ready to challenge Apple’s. Its name is the Xring O1, and Xiaomi claims it beats the Apple A18 Pro on some metrics. It is a deca-core processor, and it’s already built into two Xiaomi products.
Apple stock continues to trade at an elevated multiple as the iPhone is gaining market share in China, driven by strong iPhone 17 demand.
First-month sell-out numbers for the iPhone 17 and Xiaomi 17 series smartphones indicate they were key drivers for both manufacturers’ growth in China. during their respective first months of availability,
Huawei Technologies is set to launch its latest flagship smartphone, the Mate 80 series, and a new foldable handset next Tuesday, as industry speculation swirls over the use of its next-generation Kirin 9030 processor in these devices.
Xiaomi has a history of shamelessly ripping off bigger brands, and nine times out of ten, its chosen target is Apple. The Chinese company has previously cloned the iPhone, iPad, MacBook, and more — without a single shred of fear that it might one day ...
According to crowdsourced data from Ookla, Google's Pixel 10 Pro barely pipped out Apple's iPhone 17 series in terms of global median Wi-Fi speeds.
Apple's iPhone accounted for one in every four smartphones sold in China in October, with sales jumping 37% from a year earlier on strong demand for the iPhone 17 series, data from research firm Counterpoint showed on Tuesday.