₦airaland Forum

Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,163,929 members, 4,715,086 topics. Date: Thursday, 24 January 2019 at 01:21 AM

Xiaomi Sinks Further After Losing Over $14 Billion - Phones - Nairaland

Nairaland Forum / Science/Technology / Phones / Xiaomi Sinks Further After Losing Over $14 Billion (1268 Views)

Check Out The Vertu Aspire P Smartphone That Goes For $14,000 (over N5 Million) / How To Switch To A New Smartphone Without Losing Your Whatsapp Chats / Amazing! Phone Just $14.99 (2) (3) (4)

(1) (Reply) (Go Down)

Xiaomi Sinks Further After Losing Over $14 Billion by mikeycharles(m): 9:42am On Jan 12
Xiaomi is currently on a downwards spiral, CNN reported on the 7th August of 2018 that the smartphone company had a bad market debut in Hong Kong in which it sank as much as 5.9%, as of recent Bloomberg reported that it lost over $14 billion market value which is attributed to a lot of investors pulling out of the ailing company.
I think a time is coming which the brand will cease to exist with tough competitors like Huawei and One Plus which are giving Xiaomi a run for its money, it's safe to say Lei Jun should invest his money into the Millet and food industry and leave the Tech world for experts and professionals.
Ever since the company was launched in 2010, that's over eight years of existence it has striven to remain a counterfeit and a copy cat of the superior iPhone brand. They've managed to stay relevant due to their competitive pricing strategies, once that is taken out of the equation, they will definitely lose all market shares they hold dear.
Source: https://www.bloomberg.com/news/articles/2019-01-08/billions-of-xiaomi-shares-are-about-to-be-unlocked-for-sale
Re: Xiaomi Sinks Further After Losing Over $14 Billion by ddjay: 10:01am On Jan 12
ABeg check cnn and post the source.. If not this is a tecno news

1 Like

Re: Xiaomi Sinks Further After Losing Over $14 Billion by Oluwasaeon(m): 10:14am On Jan 12
Abi d owner don go play Poker ?
Re: Xiaomi Sinks Further After Losing Over $14 Billion by mikeycharles(m): 10:22am On Jan 12
ddjay:
ABeg check cnn and post the source.. If not this is a tecno news
www.cnn.com%2F2019%2F01%2F09%2Finvesting%2Fpremarket-stocks-trading%2Findex.html
Quench ya taste grin
Re: Xiaomi Sinks Further After Losing Over $14 Billion by 2kurupt(m): 12:59pm On Jan 12
See this tecno marketer with fake news. Does CNN or Bloomberg even know what tecno is?

5 Likes

Re: Xiaomi Sinks Further After Losing Over $14 Billion by mikeycharles(m): 1:03pm On Jan 12
Re: Xiaomi Sinks Further After Losing Over $14 Billion by berbs: 1:43pm On Jan 12
Oluwasaeon:
Abi d owner don go play Poker ?
Meself dey reason am cheesy

1 Like

Re: Xiaomi Sinks Further After Losing Over $14 Billion by ddjay: 1:48pm On Jan 12
mikeycharles:
www.cnn.com%2F2019%2F01%2F09%2Finvesting%2Fpremarket-stocks-trading%2Findex.html
Quench ya taste grin
They see xiaomi as a threat to the iPhone market so a rubbish like this is what they think we will believe.. No no no

3 Likes

Re: Xiaomi Sinks Further After Losing Over $14 Billion by dmbaiseboy(m): 2:42pm On Jan 12
Tech propaganda.....mtchew...
Re: Xiaomi Sinks Further After Losing Over $14 Billion by haladadon: 3:16pm On Jan 12
guys this is not propaganda it's real, the shares dropped.
so xiaomi and Gionee are going bankrupt whose next.
Re: Xiaomi Sinks Further After Losing Over $14 Billion by mikeycharles(m): 4:09pm On Jan 12
haladadon:
guys this is not propaganda it's real, the shares dropped.

so xiaomi and Gionee are going bankrupt whose next.
I doubt that would happen anytime soon, Gionee declared bankruptcy when they incurred a whole lot of debts while in Xiaomi case; a few investors and shareholders decided to pull out. The point is, these shares can now be bought by new shareholders who want a stake in the company.

2 Likes

Re: Xiaomi Sinks Further After Losing Over $14 Billion by haladadon: 7:10pm On Jan 12
mikeycharles:
I doubt that would happen anytime soon, Gionee declared bankruptcy when they incurred a whole lot of debts while in Xiaomi case; a few investors and shareholders decided to pull out. The point is, these shares can now be bought by new shareholders who want a stake in the company.

like say you for buy wetin everyone dey run from.
Re: Xiaomi Sinks Further After Losing Over $14 Billion by donbenie(m): 8:11pm On Jan 12
haladadon:


like say you for buy wetin everyone dey run from.
I know Nigerians are averse to reading long articles..
Here is an excerpt from the article:
QUOTE"

' To be sure, longer-term investors may want to hold on to Xiaomi’s shares rather than dump them at a loss. Analysts still predict Xiaomi will rebound to $16.72 on average within the next year. Hedge funds have been increasing their bearish bets, with almost 30 million shares sold short Tuesday, the most since August'.

When you are a Speculator only interested in making short term investments and gains,you run a risk of losing money on your stocks..
Xiaomi ain't going anywhere near bankruptcy very soon,the only people having an issue are those who are hoping to make a big hit in the short term.. . shocked

5 Likes

Re: Xiaomi Sinks Further After Losing Over $14 Billion by seunfly: 9:38pm On Jan 12
Ok
Re: Xiaomi Sinks Further After Losing Over $14 Billion by AndroBlaze: 12:00am On Jan 13
To those who could be bothered to read the article they will know they do not need to worry about Xiaomi disappearing like some other brands.

The loss is based on current global realities and not Xiaomi's performance in making or selling quality and affordable smartphones.

Just a good business read but nothing to interest or worry a techy.
Re: Xiaomi Sinks Further After Losing Over $14 Billion by nedubest(m): 2:19am On Jan 13
donbenie:
I know Nigerians are averse to reading long articles..
Here is an excerpt from the article:
QUOTE"

' To be sure, longer-term investors may want to hold on to Xiaomi’s shares rather than dump them at a loss. Analysts still predict Xiaomi will rebound to $16.72 on average within the next year. Hedge funds have been increasing their bearish bets, with almost 30 million shares sold short Tuesday, the most since August'.

When you are a Speculator only interested in making short term investments and gains,you run a risk of losing money on your stocks..
Xiaomi ain't going anywhere near bankruptcy very soon,the only people having an issue are those who are hoping to make a big hit in the short term.. . shocked

thanks for the excerpt bro

1 Like

Re: Xiaomi Sinks Further After Losing Over $14 Billion by Rubiesangel: 10:54am On Jan 13
While this is funny, it is also important to realize that Tecno is global brand. And yes, CNN and Bloomberg know what Tecno is.
2kurupt:
See this tecno marketer with fake news. Does CNN or Bloomberg even know what tecno is?
Re: Xiaomi Sinks Further After Losing Over $14 Billion by gogeekish(m): 10:56am On Jan 13
haladadon:
guys this is not propaganda it's real, the shares dropped.

so xiaomi and Gionee are going bankrupt whose next.
This isn't about smartphone sales. This is totally different from what most of us here are thinking about. Beside smartphone sales generate less than 15% of Xiaomi revenue. 65 percent comes from the use of internet services from Xiaomi.
Re: Xiaomi Sinks Further After Losing Over $14 Billion by Rubiesangel: 10:57am On Jan 13
Why then did these share holders pull out? If all was well with the company, why didnt they leave their money there? well, Tecno may just buy them up.
mikeycharles:
I doubt that would happen anytime soon, Gionee declared bankruptcy when they incurred a whole lot of debts while in Xiaomi case; a few investors and shareholders decided to pull out. The point is, these shares can now be bought by new shareholders who want a stake in the company.
Re: Xiaomi Sinks Further After Losing Over $14 Billion by Rubiesangel: 11:00am On Jan 13
That is how they rob users with crazy internet services. Phone wey dey chop data like where Nigeria ppolice dey chop bribe. Try using a Tecno smart phone and you will see how to minimize data usage.
gogeekish:
This isn't about smartphone sales. This is totally different from what most of us here are thinking about. Beside smartphone sales generate less than 15% of Xiaomi revenue. 65 percent comes from the use of internet services from Xiaomi.
Re: Xiaomi Sinks Further After Losing Over $14 Billion by 2kurupt(m): 11:33am On Jan 13
Rubiesangel:
While this is funny, it is also important to realize that Tecno is global brand. And yes, CNN and Bloomberg know what Tecno is.
You should know sarcasm when you see one. Bloomberg is only interested in the top dogs and not niche players.

If you want to promote your product well & good but using multiple accounts and trying to tarnish other competing brands won't do you any good.

You & your colleagues really need to go past this level, it's pathetic.

1 Like

Re: Xiaomi Sinks Further After Losing Over $14 Billion by donbenie(m): 2:13pm On Jan 13
Rubiesangel:
Why then did these share holders pull out? If all was well with the company, why didnt they leave their money there? well, Tecno may just buy them up.
Tecno?, buy up Xiaomi from the Peanut they made from their Camon 11 sales? grin
Seems the continued increasing popularity of Xiaomi phones in Nigeria is giving Tecno serious Nightmares..they must be paying you guys for overtime with all the extra effort you have been putting in to tarnish the image of Xiaomi..
Imagine if Xiaomi took Nigeria serious and officially opens shop in Nigeria like they did in India,Tecno would have a heart attack.. shocked
Why don't you tell your employers to move away from their Mediatek P22 CRAPS,before trying to tangle with Xiaomi.. cool
Re: Xiaomi Sinks Further After Losing Over $14 Billion by donbenie(m): 3:24pm On Jan 13
Rubiesangel:
Why then did these share holders pull out? If all was well with the company, why didnt they leave their money there? well, Tecno may just buy them up.
Tecno buy Xiaomi with the Peanuts they make OFF of gullible customers in Nigeria?
LOL,..
Here is the supposed bankrupt company investing BILLIONS OF DOLLARS on AI and Smart devices over the next a couple of Years..

https://www.gizmochina.com/2019/01/11/xiaomi-bet-big-on-ai-and-smart-devices-with-1-5billion-investment/
Re: Xiaomi Sinks Further After Losing Over $14 Billion by Blastedholligan: 8:46pm On Jan 13
mikeycharles:
Xiaomi is currently on a downwards spiral, CNN reported on the 7th August of 2018 that the smartphone company had a bad market debut in Hong Kong in which it sank as much as 5.9%, as of recent Bloomberg reported that it lost over $14 billion market value which is attributed to a lot of investors pulling out of the ailing company.
I think a time is coming which the brand will cease to exist with tough competitors like Huawei and One Plus which are giving Xiaomi a run for its money, it's safe to say Lei Jun should invest his money into the Millet and food industry and leave the Tech world for experts and professionals.
Ever since the company was launched in 2010, that's over eight years of existence it has striven to remain a counterfeit and a copy cat of the superior iPhone brand. They've managed to stay relevant due to their competitive pricing strategies, once that is taken out of the equation, they will definitely lose all market shares they hold dear.
Source: https://www.bloomberg.com/news/articles/2019-01-08/billions-of-xiaomi-shares-are-about-to-be-unlocked-for-sale
WOW... They need to come down to Africa then
Re: Xiaomi Sinks Further After Losing Over $14 Billion by Blastedholligan: 8:47pm On Jan 13
gogeekish:
This isn't about smartphone sales. This is totally different from what most of us here are thinking about. Beside smartphone sales generate less than 15% of Xiaomi revenue. 65 percent comes from the use of internet services from Xiaomi.
very true

(1) (Reply)

How To Use My Own Song Ask Caller Tune / Ipads For Sale @ Cheap Prices (installmental Payments Available) / First Time Android Users: Lets Say THANK YOU To TECNO

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (0) (1) (2) (3) (4) (5) (6) (7) (8) (9)

Nairaland - Copyright © 2005 - 2019 Oluwaseun Osewa. All rights reserved. See How To Advertise. 100
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.