Xiaomi once again copies Apple, this time with a huge stock market collapse

Xiaomi, once called China's Apple, has copied the iPhone manufacturer in another respect. Xiaomi's shares have taken quite a beating over the last few days, similar to the huge 10% drop that Apple's stock suffered last week.
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15 Comments

1. SIGPRO

Posts: 2817; Member since: Oct 03, 2012

So if another company's share is down it copies fruit company? Really PA really! Looks like you are trying to move fruit company from the negativity that they are in. You want to move the bad attention away from them, but it will not work! Xiaomi phones are overall better than the fruit phones!

2. TypicalGeek

Posts: 216; Member since: Feb 19, 2015

It was obviously a joke.

4. redmd

Posts: 1943; Member since: Oct 26, 2011

Obviously not obvious enough for some though.

10. Peaceboy

Posts: 640; Member since: Oct 11, 2018

No other phones better than apple, they’re all garbage.

3. miketer

Posts: 527; Member since: Apr 02, 2015

Hahaha. That was a good one, the headline I mean. Still can't control myself. Thank you Phonearena, for making us laugh.

6. MrMalignance

Posts: 300; Member since: Feb 17, 2013

Huge stock market crash for Xiaomi Xiaomi, is also going through a downward adjustment of its valuation. Over the last three days, shares of the company have dropped 17%, removing $6.2 billion of Xiaomi's market capitalization. The stock trades on the Hong Kong Stock Exchange and closed today at HK$9.97 ($1.27 USD), its first close under HK$10. The decline took root as brokerage house analysts following Xiaomi have cut the smartphone manufacturer's earnings estimates. Most cite the weaker economy in China and tougher competition from other Chinese firms such as Huawei. In addition, 3.9 billion shares that were purchased for as low as 2 Hong Kong cents from as far back as 2010 are now free to trade following the expiration of a six month lock up. Xioami is now valued at $238 billion, and traded as high as HK$22.20 earlier this year. There. Fixed your article. Joke or not, it wasn't relevant or helpful to mention Apple.

7. cheetah2k

Posts: 2271; Member since: Jan 16, 2011

share normalisation going on. The real reason is the lockout share portion has been unlocked, and those with those shares selling on. Nothing to see here. move along

8. ryq24

Posts: 875; Member since: Oct 17, 2011

Hahaha so xiaomi should start copuing Huawei.

11. dimas

Posts: 3382; Member since: Jul 22, 2014

$238 billion? Considering that their main markets are china, india and southeast asian countries, I thought xiaomi value is lower than that.

12. Rafishant

Posts: 398; Member since: Oct 13, 2015

Hong Kong dollar. That is less than $30 billion US dollar

13. Vogue1985

Posts: 478; Member since: Jan 24, 2017

ahahaah Good for them. Well deserved

19. Marcwand3l

Posts: 446; Member since: May 08, 2017

What a pathetic article. Yeah sure Xiaomi once again copies Apple.

20. someguy2261

Posts: 259; Member since: Feb 12, 2016

Haha for once Allan wrote something good bravo, the headline is pretty good.

21. murali_v_2000

Posts: 36; Member since: Jan 31, 2012

ABSOLUTELY NO REASON to mention apple in this article. Also, loss/gain of any one company's stock value is not newsworthy. There is no reason for this article to be written unless the writer has to meet his quota of articles mentioning "apple" !!

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