chinese phone giant hasn't lived up to its mega-ipo hype - rate air purifiers

Xiaomi Corp. raised $5.
4 billion by selling investors as a high commitment
Growing Internet companies.
Some people begin to lose confidence. The Beijing-
Suppliers, mainly cheap smartphones, have fallen 19% since then.
Despite a lot of positive reviews, the IPO peaked. -
Mainly from the banks and costumes that sponsored its arrivalout party.
On Wednesday, Xiaomi announced its first earnings report as a listed company.
One of its two most important initiatives is the international expansion and its development beyond hardware, as well as online services from music to video.
Xiaomi's billionaire Lei army June
Founder, has been driving the internetHuge narrative.
This helped the company to double the price of its initial public offering, much higher than well-known technology companies such as Tencent Holdings Ltd.
And Facebook.
But even so, the market has stalled, with the company valuing only about half of the $100 billion it touted a few months ago.
Analysts expressed caution as investors fled tech stocks, spooked by trade tensions and a rebound in the industry's huge influence.
On Wednesday, the stock was largely unchanged, barely exceeding the IPO price.
"We don't think it's worth a pure internet company because it's different from Alibaba, Baidu or Amazon.
They can only get new users by selling smartphones, "said Mark Newman, an analyst at Sandford C.
Bernstein said he spoke to investors and they had different views on the negative.
"I like this business model and I think it's good.
The question is how much it costs.
"Xiaomi's growth model has cracked: In any case, Xiaomi has come a long way since its growth was flat in 2016 --
Lei wrote a letter from the heart to gather his troops.
Now, 10 of the 16 analysts advise investors to go beyond the brief hiccups again.
Xiaomi will be a busy building store on the beach-
Expanding into emerging markets such as India and Russia.
It is estimated that the company has 0. 19 billion active users per month and is a rich buyer of high-end customers. Margin service.
This base should grow as Xiaomi sells gadgets to users at what it calls "honest prices.
As analysts at Goldman Sachs, led by Piyush Mubayi, say, it "builds a mountain one at a time ".
Leung or Leung of CLSA said: "The growth of Internet services is closely related to their smartphone sales, especially in China . "
The head of Asian telecom and Internet research told Bloomberg Television.
"The good news is that although shipments have not risen significantly, we still see good momentum in China.
However, for the five analysts who rated Xiaomi as the company's controlling stake, Xiaomi faces many challenges, especially in the smartphone business, Xiaomi's revenue accounted for 70%.
At a time when the Chinese market is saturated, local competitors are cracking down on the company overseas, which is a key area of growth.
Oppo has created the Realme brand for India, selling cheap phones online, trying to overthrow Xiaomi's lead.
On the other hand, Huawei is shifting its focus back to Europe, a key market for Xiaomi's more expensive devices.
"In any case, Xiaomi is expensive in the short term," said James Wei, an analyst at Yuanda Securities.
"Xiaomi needs to restructure its business next year because China is saturated. Re-
Adjustment is inevitable, so we need to be relatively cautious.
"How does the growth in global smartphone sales stop: even if Xiaomi repels its competitors, the real battle revolves around growing service revenue ---
Its main source of profit.
While it has made progress in China with its own video, music and financial applications, these businesses hardly exist anywhere else.
Ecosystem Partners-
Everything from air purifiers to toy robots is made by them ---
Mainly for domestic.
The global demand for smartphones itself is also decreasing, which threatens the growth of Xiaomi and the sales of devices that attract user groups.
"The overseas smartphone business is a key driver of growth.
But there are many disadvantages, such as resistance from local governments and competition from other brands, "said Tian Zi, an analyst at Everbright Securities.
"In a field like self.
The game and content creation run by the company is still lagging behind. ”—