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The Future Development Prospects of Xiaomi Corporation: Based on Financial Analysis and Comparison
- 1 Sun Yat-Sen University, Tangjiawan, Zhuhai, China
* Author to whom correspondence should be addressed.
Abstract
With the rapid development of technology, the smartphone industry is experiencing unprecedented changes. Xiaomi, a leading company in this field, has attracted widespread attention for its unique business strategies and promising future prospects. This paper aims to conduct an in-depth study of Xiaomi's strategic choices and explore the potential challenges and opportunities it may face in the future. This research is not only significant for understanding the competitive landscape of the smartphone industry, but also provides valuable practical cases for the academic field. This paper adopts financial analysis, environmental analysis, and SWOT analysis to comprehensively analyze Xiaomi's strategies, aiming to provide new perspectives and insights for relevant academic research and business practices. In the SWOT analysis, the salient strengths in its internal environment lie in the integrity of the ecological chain and high cost-effectiveness. However, the prominent weaknesses in the internal environment are the need to enhance technological proficiency. In terms of external environment, the main opportunities it faces are the global technological development and the advancement of 5G and the Internet of Things (IoT). External threats primarily stem from its competitors. In financial analysis, Xiaomi's primary concern is to enhance its profitability and operational efficiency. Through this research, this paper hopes to provide valuable references for Xiaomi's future development and contribute new marginal value to the academic field.
Keywords
SWOT Analysis, Financial Situation, Future Prospect Analysis
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Cite this article
Li,R. (2024). The Future Development Prospects of Xiaomi Corporation: Based on Financial Analysis and Comparison. Advances in Economics, Management and Political Sciences,98,110-117.
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Volume title: Proceedings of ICFTBA 2024 Workshop: Finance in the Age of Environmental Risks and Sustainability
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