Latest news with #XringO1
GSM Arena
2 days ago
- GSM Arena
Xiaomi Pad 7S Pro is coming with Xring O1 chipset, Geekbench reveals
Xiaomi's self-developed chipset, the Xring O1, made its debut inside the Xiaomi 15S Pro smartphone, which launched last month along with the Xiaomi Pad 7 Ultra tablet. Now it looks like Xiaomi is developing another tablet, the Pad 7S Pro. This one will use the Xring O1 just like the Pad 7 Ultra, but given the branding should be smaller. The Xiaomi Pad 7 Pro, for reference, has an 11.2-inch screen vs. the Ultra's 14" display. The Pad 7S Pro has now been spotted in the Geekbench database, with the Xring O1 on board, 16GB of RAM, and Android 15. No other specs have been outed so far, but seeing how the Xiaomi 15S Pro is basically just a Xiaomi 15 Pro using the Xring O1, the Pad 7S Pro may be a Pad 7 Pro with the new chipset. If that's the case, then expect the tablet to feature an 11.2-inch 2136x3200 LCD screen with 144 Hz refresh rate and 800-nit peak brightness, a 50 MP rear camera with a 2 MP depth sensor next to it, a 32 MP front camera, and an 8,850 mAh battery. Via
CNBC
01-06-2025
- Business
- CNBC
Apple's China rival Xiaomi still has major upside, analysts say, even after record earnings
Chinese smartphone company Xiaomi in the last week reported record net profit for a second-straight quarter, bolstering several analysts' conviction on the Hong Kong-listed stock. In absolute dollar terms, Xiaomi's earnings are still a fraction of Apple's . But the Chinese company has a larger smartphone market share in China , and has built an electric vehicle business, while the iPhone maker dropped its car plans . Apple in recent months has also come under pressure from the Trump administration over its overseas supply chain. Apple shares are down 20% year-to-date to around $200. Xiaomi's have gained more than 45% to 50.95 Hong Kong dollars ($6.50) a share. Following Xiaomi's earnings report on May 27, Jefferies analysts raised their price target to 73 HKD, up from 69.50 HKD previously — for upside of 43% from Friday's close. The analysts attributed the company's earnings beat to outperformance in "AIoT." The category refers to Xiaomi's appliances, which incorporate artificial intelligence functions and can be controlled remotely over the internet using an app. Xiaomi's adjusted net income for the first quarter was 10.68 billion yuan ($1.48 billion), beating the expected 9.48 billion yuan, according to a FactSet analyst poll. Revenue of 111.29 billion yuan also came in above the 108.49 billion yuan predicted by the poll. In smartphones, Xiaomi has become more conservative about the global outlook, but the Jefferies analysts pointed out the company will likely continue to gain market share in the high-end China market with its new Xring O1 chip. Xiaomi officially revealed the chip on May 22 and said it would power its new 15S Pro smartphone, which sells for far less than Apple's iPhone 16 Pro in China. CEO Lei Jun claimed at the event that Xiaomi's Xring O1 Apple's A18 Pro on several metrics, including the ability to operate a game with less heat. Smartphones account for just under 40% of Xiaomi's revenue. Appliances and other products make up nearly 22%. "We believe appliances represent major upside in the next two years, but [Xiaomi's electric SUV] YU7 sales will be [the] key [short-term] catalyst," the Jefferies analysts said. Xiaomi revealed its YU7 SUV at the same May 22 event. While the company didn't announce a price, it said an official launch would be held in July and that the new car would come with a longer driving range than rival Tesla's Model Y. "We believe the launch of YU7, scheduled for July 2025, will likely be the most important catalyst for Xiaomi this year," Morgan Stanley analysts said in a May 27 report. They expect the SUV can garner a higher price point than Xiaomi's SU7 electric sedan that hit the market last year. "If sales volume is strong, it could help Xiaomi achieve higher ASPs, better margins, and ongoing earnings growth," the Morgan Stanley analysts said. They rate Xiaomi overweight and have a price target of 62 HKD. In addition to the YU7 release this summer, several analysts said they are looking forward to Xiaomi's investor day, scheduled for June 3. Those are both potential positive catalysts, Macquarie said. "We believe Xiaomi is a beneficiary of rising EV demand, changing consumer behavior, and industry consolidation in China." "The company is widening its core business product offerings, expanding overseas and controlling [operating expenses] to drive profitability," the report said. Macquarie rates the stock outperform, with a price target of 69.32 HKD. JPMorgan analysts kept their neutral rating, however, as they said Xiaomi's ecosystem-related revenue growth was the slowest among major categories — not supportive of a high valuation in their view. They cautioned that while Apple was able to gain value once services started driving growth instead of hardware, Xiaomi has seen accelerating hardware growth while services has grown more slowly. Their price target is 60 HKD, still about 18% above where the stock closed Friday. — CNBC's Michael Bloom contributed to this report.
GSM Arena
28-05-2025
- Business
- GSM Arena
Xiaomi posts record Q1 results on the back of solid growth across smartphones, AIoT and wearables
Xiaomi shared its Q1 2025 financial report, and the numbers show growth across all key divisions within the corporation. Revenues soared to CNY 111.3 billion ($15.4 billion), which represents a 47% year-on-year growth, while net profits grew by over 64% and reached $1.48 billion. Research and development expenses rose by over 30% and now amount to $930 million with Xiaomi's portfolio now boasting over 43,000 patents worldwide. Nearly half of all Xiaomi employees (47.7%) work in the R&D field. The smartphone and AIoT division, which is Xiaomi's big earner, brought in $12.8 billion in revenue - a 22% improvement on the yearly basis. Source: Canalys As of March 2025, Xiaomi has over 718.8 million global monthly active users (MAU) across the smartphone and tablet domains, which represents a 9.2% jump compared to last year. The brand retained its status as a top-3 company in terms of global smartphone shipments for 19 consecutive quarters and led the Chinese market in terms of total shipments. Xiaomi's global and Mainland China smartphone shipments Xiaomi also revealed that as of April, it invested over CNY 13.5 billion ($1.87 billion) in the development of its Xring O1 chipset, which made its debut on the Xiaomi 15S Pro and Pad 7 Ultra. The brand is reporting a growing presence in the flagship smartphone segment in China as it now holds a quarter of the premium device market. Xiaomi is now a top-three brand in the global tablet market with 3.1 million shipments in Q1 and an 8.3% market share. It also led the global wearables market for the January–March period. It is the second leading TWS player on the world stage and number one in China. Xiaomi wearables and TWS shipments rankings Xiaomi also disclosed 943.7 million connected IoT devices (not including smartphones, tablets and laptops) and added over 1000 new offline stores across mainland China. Revenues from the electric vehicle (EV) division grew to $2.5 billion. Xiaomi shipped over 75,000 SU7 series EVs in its home market during Q1 which brings the total SU7 shipments to over 250,000. Source
Yahoo
25-05-2025
- Business
- Yahoo
Xiaomi Unveils New Self-Developed Chip, Announces $28B in R&D Investments Over 5 Years
On Thursday, Xiaomi Corporation (OTC:XIACY) founder and CEO, Lei Jun, showcased the company's ambitions to expand its technology portfolio by introducing its self-developed mobile chip, the Xring O1. In a live-streamed event from Beijing, Lei Jun unveiled this chip, which is designed to power a new generation of top-end devices, such as the Tablet 7 Ultra and the Xiaomi 15S Pro smartphone. A woman using a smartphone to access a service provided by the company. This 3nm processor is built on TSMC's second-generation N3E process. Lei Jun stated that the Xring O1 is aimed at matching chips from industry leaders like Apple Inc. (NASDAQ:AAPL) and Qualcomm Inc. (NASDAQ:QCOM). While admitting that the Xring might lag Apple's chipsets in some aspects, such as processor speed, he emphasized that its development is still a significant achievement for Xiaomi's design team. Lei Jun also announced plans to invest 200 billion yuan ($28 billion) in R&D over the next 5 years. The company had previously announced a $7 billion investment to develop and enhance its mobile processors over the next decade. Among other hard-tech initiatives, Xiaomi has touted an in-house LLM dubbed MiMo, which marked the company's first real AI product. While we acknowledge the potential of XIACY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XIACY and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Economic Times
24-05-2025
- Automotive
- Economic Times
China's Xiaomi to invest almost $28 billion in core technology R&D over next five years
Synopsis Xiaomi plans to invest 200 billion yuan ($27.8 billion) in core tech R&D over five years, CEO Lei Jun announced in Beijing. The move coincides with the launch of Xiaomi's first electric SUV and its advanced mobile chip, Xring O1, marking a major push into automotive and chip technology.
