🐯虎嗅•Stalecollected in 15m
Xiaomi Q4: Autos Offset Core Declines

💡Xiaomi AIoT woes + storage crunch signal edge AI hardware cost risks
⚡ 30-Second TL;DR
What Changed
Revenue 1169B CNY, +7% YoY, auto-led growth
Why It Matters
Xiaomi's core AIoT and phone margins erode from NAND shortages and competition, pressuring valuation; auto profitability offers buffer but 2026 targets hinge on new models.
What To Do Next
Monitor Xiaomi's large model announcements for AIoT device integration opportunities.
Who should care:Founders & Product Leaders
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