Xiaomi's Profits Exceed Analysts' Expectations

According to reports, Xiaomi announced its revenue

 for the third quarter of this year

which exceeded analysts' expectations. 

The company achieved revenues of over $15 billion.

This represents a profit increase of more than 20% compared to the same period last year.

Furthermore, total profits also saw a significant increase,

reaching a rise of over 37%.

Xiaomi announced that its strategic goal remains in place

until 2030, which aims to focus on investing

in core technologies in the field of innovation and advanced technologies.

From a technical perspective,

Xiaomi's stock continues its downward trend.

It is currently trading near the 40 level, and forecasts still indicate

a continued decline towards the 36 level.

This level represents a significant and strong support level for the stock.

It could potentially trigger a rebound

 and a correction in the medium term.