Xiaomi’s Smartphone Shipments To Decrease in 2023

By: Yusuf Balogun

Ming-Chi Kuo said Xiaomi’s smartphone shipments in 2023 may be lower than market expectations, and the current inventory of Xiaomi is as high as 12–16 weeks.  

He predicted that the market’s expectation of 150–165 million units will decrease by 8–10% YoY, reaching around 140 million units.  

Xiaomi’s production plans for smartphones in 1Q23 and 2Q23 are still weak, with estimates of only 23–25 million and 20–23 million units, respectively.  

Therefore, this implies that the market’s expectation for Xiaomi’s inventory correction to a reasonable level in 1H23 may be overly optimistic.  

Accordingly, Ming-Chi Kuo maintained that Xiaomi’s efficiency in  inventory correction is  still low. Thus, if they  want to accelerate the inventory correction, it mayhurt the profits.

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