Latest news with #Xiaomi
GSM Arena
3 hours ago
- Business
- GSM Arena
New mystery Redmi phone surfaces at the FCC
Earlier this month a mystery Redmi phone stopped by the FCC on its way to launch with no 5G and a 6,000 mAh battery. Today, we have another one - still a Redmi, also a mystery. This device does have 5G support, however, along with Wi-Fi 6, Bluetooth 5.2, GPS, and NFC. It will run Xiaomi's HyperOS 2.0 when it arrives, and will be offered in three RAM/storage combos: 6/128GB, 8/128GB, and 8/256GB. Mystery Redmi phone at the FCC These are all the details that we know about it so far, along with the model number 25062RN2DL. But even from those specs it's very easy to tell that this will be a lower-midrange device. Its model number implies it was initially planned for introduction in June, but Xiaomi and its sub-brands don't always follow these timelines, so while it's definitely coming soon, it's not actually a given that it will arrive next month. Via
Yahoo
5 hours ago
- Business
- Yahoo
Why Kingsoft Cloud Holdings Stock Plummeted by Nearly 8% Today
The company released its first-quarter results. Although it beat on earnings, it whiffed on revenue. 10 stocks we like better than Kingsoft Cloud › China's Kingsoft Cloud Holdings (NASDAQ: KC) was under something of a cloud with investors on Wednesday. They traded out of the niche tech company's U.S.-listed American Depositary Receipts (ADRs) after the release of its first-quarter results, leaving the securities with an almost 8% decline in price at market close. That was a far steeper drop than the S&P 500's (SNPINDEX: ^GSPC) 0.6%. For the quarter, Kingsoft Cloud came in at 1.97 billion yuan ($274 million), a nearly 11% increase from the same period of 2024. Management attributed this to higher take from the business of top Chinese tech company Xiaomi and that from artificial intelligence (AI) consumers, among other factors. However, the company still landed rather deeply in the red. Its net loss was nearly 314 million yuan ($44 million) against the year-ago deficit of 359 million yuan ($50 million). On a per-ADR basis, it only managed to trim the shortfall to 0.08 yuan ($0.01), versus first quarter 2024's loss of 0.10 yuan ($0.01). At least that net loss was narrower than expected, as analysts tracking Kingsoft Cloud stock were modeling a far steeper per-ADR figure of 0.62 yuan ($0.09). However, they were also anticipating higher revenue of 2.03 billion ($282 million). In its earnings release, management touted the emergence of AI technology and its effect on the company's fundamentals. It pointed out that billing for AI services increased by 228% on a year-over-year basis (to 525 million yuan, or $73 million). That accounted for 39% of the company's draw from public cloud services. With that kind of potential, I'd imagine that many Kingsoft Cloud investors are growing impatient for their company to drag itself out of the red on the bottom line, as it continues to consistently post bottom-line losses. Like many of them, personally, I'd stay away from the stock until those numbers start to meaningfully improve. Before you buy stock in Kingsoft Cloud, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Kingsoft Cloud wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,389!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $830,492!* Now, it's worth noting Stock Advisor's total average return is 982% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Xiaomi. The Motley Fool has a disclosure policy. Why Kingsoft Cloud Holdings Stock Plummeted by Nearly 8% Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
GSM Arena
8 hours ago
- Business
- GSM Arena
iPhone 16 was the best-selling phone of Q1 2025
Apple and Samsung dominated the top-ten best-selling phones list according to the latest Counterpoint Research report. The two brands accounted for nine out of the top ten best-sellers, with Xiaomi being the only other brand featured in the rankings. The iPhone 16 was the best-selling device for the first three months of the year, marking a return for the baseline iPhone model for the first time since 2023. The device fared particularly well across the Middle East and Africa region as well as Japan, where it recorded its highest growth. The 16 Pro Max came in second, followed by the 16 Pro in third place. The 16 Pro series models accounted for nearly half of Apple's total iPhone sales during the Q1 period. The iPhone 15 slots in fourth place, followed by Samsung's best-selling device – the Galaxy A16 5G. Going further down the list, the Galaxy A06 is at the sixth spot, followed by the Galaxy S25 Ultra in seventh as the only premium segment device from the brand in the top ten. The Redmi 14C is Xiaomi's one and only entry at the eighth spot, followed by the Galaxy A55 and the iPhone 16 Plus, which round out the rankings. Apple iPhone 16 Source
Al Etihad
17 hours ago
- Automotive
- Al Etihad
Shares of China's Xiaomi set to rise 2.3% after reporting record profit
28 May 2025 14:13 HONG KONG (REUTERS) Shares of China's Xiaomi ( were set to rise 2.3% on Wednesday after it reported a record first-quarter revenue and profit and said its shift towards higher-end products from smartphones to home appliances was already paying off. The Hong Kong-listed shares of the world's third-largest smartphone maker, whose product lines also extend to cars, were set to open at HK$52.75.
GSM Arena
18 hours ago
- 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
