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Morgan Stanley expects Xiaomi's (01810.HK) Q1 smartphone gross margin to exceed forecasts, with average selling price reaching a new high.

2026-05-05 05:29:37

Abstract generation in progress

Morgan Stanley anticipates Xiaomi’s Q1 smartphone gross margin will surpass expectations. This positive outlook is attributed to the average selling price (ASP) of Xiaomi’s smartphones reaching a new peak. The report suggests strong financial performance for Xiaomi in the first quarter.

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