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Revenue, yes, but minimal or no profit hence the churn. You can look up the data if you have a statista subscription.

by gumby 3y ago

paxys 3y ago
I'd think the financial reports of these companies are a much more reliable source than statista. * Xiaomi made $2.4B in profit last year (https://qz.com/xiaomi-profits-earnings-apple-iphone-sales-china-1851347752 https://qz.com/xiaomi-profits-earnings-apple-iphone-sales-ch...) * Transsion $760M (https://simplywall.st/stocks/cn/tech/shse-688036/shenzhen-transsion-holdings-shares/news/shenzhen-transsion-holdings-full-year-2023-earnings-eps-cn68 https://simplywall.st/stocks/cn/tech/shse-688036/shenzhen-tr...) * ZTE $1.3B (https://www.wsj.com/business/earnings/ztes-profit-rises-as-margins-improve-39edb276 https://www.wsj.com/business/earnings/ztes-profit-rises-as-m...) Plenty of others are private and don't publish financials but also don't operate in an environment where they can burn through hundreds of millions or billions of dollars without any expectation of profit.
- Tagbert 3y ago
  Compare that to $97B profit for Apple in 2023.
  - paxys 3y ago
    Why do you need to compare anything? Read what we are discussing.
    - gumby 3y ago
      I agree with that part. But like Apple, ZTE and Xiaomi have other revenue streams beyond handsets (don't know about Transson, but that seems like a pretty narrow margin). I took a whip through the Xiaomi financials and they talk about profit mix in percentages but I didn't see a break out by line. In any case the analysts are pretty clear that Apple and Samsung are most of the profit in the handset sector and the churn at the bottom is all non-viable white label businesses. Whether a few inbetween like Xiaomi can sustainably make much profit remains to be seen. I am interested to see if Apple's phone business (and I suppose smartphones in general) has seen its best days. I am going to replace my iphone in the fall, but merely due to age; I don't even know what model number apple is up to these days. The phones seem pretty much the same.
      - bdd8f1df777b 3y ago
        > I took a whip through the Xiaomi financials and they talk about profit mix in percentages but I didn't see a break out by line. Xiaomi's phone is its primary business. If they were operating at a loss on their phones, they wouldn't have any other lucrative business to absorb that loss and turn positive on their profit.

Revenue, yes, but minimal or no profit hence the churn. You can look up the data if you have a statista subscription.

by gumby 3y ago

Revenue, yes, but minimal or no profit hence the churn. You can look up the data if you have a statista subscription.

I'd think the financial reports of these companies are a much more reliable source than statista. * Xiaomi made $2.4B in profit last year (https://qz.com/xiaomi-profits-earnings-apple-iphone-sales-china-1851347752 https://qz.com/xiaomi-profits-earnings-apple-iphone-sales-ch...) * Transsion $760M (https://simplywall.st/stocks/cn/tech/shse-688036/shenzhen-transsion-holdings-shares/news/shenzhen-transsion-holdings-full-year-2023-earnings-eps-cn68 https://simplywall.st/stocks/cn/tech/shse-688036/shenzhen-tr...) * ZTE $1.3B (https://www.wsj.com/business/earnings/ztes-profit-rises-as-margins-improve-39edb276 https://www.wsj.com/business/earnings/ztes-profit-rises-as-m...) Plenty of others are private and don't publish financials but also don't operate in an environment where they can burn through hundreds of millions or billions of dollars without any expectation of profit.

Tagbert 3y ago
Compare that to $97B profit for Apple in 2023.
- paxys 3y ago
  Why do you need to compare anything? Read what we are discussing.
  - gumby 3y ago
    I agree with that part. But like Apple, ZTE and Xiaomi have other revenue streams beyond handsets (don't know about Transson, but that seems like a pretty narrow margin). I took a whip through the Xiaomi financials and they talk about profit mix in percentages but I didn't see a break out by line. In any case the analysts are pretty clear that Apple and Samsung are most of the profit in the handset sector and the churn at the bottom is all non-viable white label businesses. Whether a few inbetween like Xiaomi can sustainably make much profit remains to be seen. I am interested to see if Apple's phone business (and I suppose smartphones in general) has seen its best days. I am going to replace my iphone in the fall, but merely due to age; I don't even know what model number apple is up to these days. The phones seem pretty much the same.
    - bdd8f1df777b 3y ago
      > I took a whip through the Xiaomi financials and they talk about profit mix in percentages but I didn't see a break out by line. Xiaomi's phone is its primary business. If they were operating at a loss on their phones, they wouldn't have any other lucrative business to absorb that loss and turn positive on their profit.