Xiaomi Stock value soaring after Redmi K30 release

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Xiaomi Stock value soaring after Redmi K30 release

Xiaomi Group shares are clearly growing in recent days. Its value increased by 4.73% this Friday, reaching its highest since May 2019 – $ 10.40 Hong Kong dollars (12 cents).

This growth is apparently due to the newly launched Redmi K30. This is the first mid-range 5G smartphone, and it also debuts Qualcomm's new processor, the Snapdragon 765G.

Xiaomi Group
Xiaom Group shares up 4.73% this Friday (December 13)

Low cost 5G is the big weapon of the Redmi K30

According to Yahoo Finance, this share growth is even due to the Redmi K30 5G and its acclaimed value for money. It is recalled that the manufacturer presented the device with a price starting in China. us 256 euros.

The truth is that immediately after the launch of the Redmi K30, Xiaomi Group shares grew 8.5%. They would eventually fall on Thursday, achieving new growth of 4.73% on Friday.

According to China Merchants Securities, Xiaomi is quite confident that its shares may rise further. The company is confident that it is among the first to hit the market with a 5G device at this price.

While your screen design isn't picking up a lot of fans, the Redmi K30 5G – possible Xiaomi Mi 10T in Europe, could be a success. Its low price allied to the features, can make it a real best seller.

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