0853 GMT - Xiaomi's smartphone shipments will likely fall 10% this year, HSBC Global Research analysts write in a note. Xiaomi might double down on shifting to premium smartphones, including raising prices for high-end models, cutting memory capacity for entry-level models to reduce costs and rolling out gradual price increases to gauge consumer acceptance, they add. Although there is still low visibility on the impact of rising memory-chip costs, HSBC cut its forecast for Xiaomi's 2026 smartphone revenue by 15%, based on an estimated 10% decline in shipments and a 5% increase in average selling price, they add. The brokerage also cut its gross margin assumption for 2026 by 2 percentage points. HSBC maintains its buy rating for the stock and cut its target price to 58.50 Hong Kong dollars from HK$62.80.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

March 05, 2026 03:53 ET (08:53 GMT)

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