Canalys: In the second quarter, the shipment volume of eSIM devices in the Chinese market reached 1 million units, accounting for 10.8% of the SIM connection method.
In the second quarter of 2024, Canalys' data on smart wearable devices showed that the United States became the country with the highest shipment volume of wristwatch-style smart wearable eSIM devices, reaching 1.9 million units. Among the SIM connection methods, eSIM devices accounted for 33.9%. China ranked second to the United States, with a shipment volume of 1 million eSIM devices, accounting for 10.8% of the connection methods.
Express News | Morgan Stanley: Xiaomi Group may be the main beneficiary of memory price adjustments, maintaining a target price of HK$26.
Credit ratings by major banks | Morgan Stanley: Xiaomi Group may be a major beneficiary of memory price corrections.
Graceland September 16th | Morgan Stanley's research report pointed out that if memory prices start to adjust in the coming quarters, the bank believes that Xiaomi Group (01810.HK) is likely to become a major beneficiary, as its smart phone gross margin is less likely to face downward pressure, and is more likely to enjoy potential recovery. Memory is a key component of smart phones. The increase in memory costs is a major reason for the decline in Xiaomi's smart phone gross margin from 16.6% in the third quarter of 2023 to 12.1% in the second quarter of this year. Morgan Stanley believes that a turning point may be on the horizon, while predicting the fourth quarter of 2024.
India Claims Samsung, Xiaomi on Breaching Antitrust Laws
The USA has raised the tariff on electric cars to 100%, and the industry assesses that the impact is limited.
Recently, the US government has decided to significantly increase import tariffs on Chinese products, with the tariff for electric cars increasing by 100%.
Express News | Xiaomi Consumer Finance has been approved to carry out asset securitization business.