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BUSINESS & TECH

Should Xiaomi Be More Than Twice as Expensive as Apple?

Investment banks valued Xiaomi Inc. as high as $94 billion ahead of planned IPO in Hong Kong and mainland. Photo: VCG
Investment banks valued Xiaomi Inc. as high as $94 billion ahead of planned IPO in Hong Kong and mainland. Photo: VCG

Investment banks valued Xiaomi Inc. as high as $94 billion ahead of the Chinese smartphone maker’s blockbuster initial public offerings in Hong Kong and the mainland as early as end-June.

Even the lowest estimate by an investment bank put Xiaomi’s value at 27 to 34 times projected 2019 earnings. By comparison, Apple Inc. – the world’s most valuable company with a market capitalization of $932 billion – has a multiple of 14.5.

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