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Will Xiaomi's stock price increase by more than 20% by the end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
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Story
Xiaomi Q2 Revenue Soars 32% to 88.89 Billion Yuan, Driven by EV Success and Smartphone Recovery
Aug 21, 2024, 09:53 AM
Xiaomi Corp has reported a significant 32% increase in its second-quarter revenue, reaching a record high of 88.89 billion yuan (~$12.5B), surpassing market expectations of 86.85 billion yuan. This growth marks Xiaomi's fastest pace of revenue increase since 2021 and is attributed to the success of its new electric vehicles and a recovery in the global smartphone market. The company's adjusted net profit rose by 20.1% year-on-year to 6.2 billion yuan (~$715M).
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Increase by more than 10% • 25%
Increase by 10% or less • 25%
Decrease by 10% or less • 25%
Decrease by more than 10% • 25%
Yes • 50%
No • 50%
