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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Xiaomi Corp    1810   KYG9830T1067

XIAOMI CORP

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Xiaomi : The Redmi Note 7 is now the most affordable 48MP camera smartphone

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01/12/2019 | 02:28am EDT

The Redmi Note 7 smartphone has officially been launched at an event in Beijing, China. At the same event, Xiaomi confirmed the earlier news that Redmi would be an independent brand, going forward. 

The Redmi Note 7 comes with an all-new design, a departure from its predecessor, the Note 6, whose design remained largely unaltered from the Note 5. The new Note 7, however, sports a waterdrop notch with thin bezels on the sides. It also houses a 48MP rear camera, which makes it the cheapest 48MP camera smartphone in the world. 

Due to the notch at the top of the display, the Note 7 has a 6.3-inch LCD screen with 2340x1080 pixels. The company claims that the bezels on the sides are just 0.8mm thick, with a brightness of 450 nits, similar to the Note 6 Pro. The body of the phone is a 2.5D curved glass chassis, with a rear fingerprint sensor. The camera unit is placed at the top left corner of the rear panel, aligned vertically, with a single LED flash below the sensor; there's also a secondary 5MP rear sensor for portrait shots. The camera appears to be housed in a large, protruding module. 

The design refresh is certainly welcome; but it's the rear camera module that's the real newsmaker for this phone. According to the company, the 48MP sensor can take better low-light shots, and poster-quality HD photos. 

 The device is powered by a Qualcomm Snapdragon 660 SoC, and a 4000mAh battery. The phone will come in 3GB, 4GB and 6GB RAM variants, with 32GB and 64GB storage models. At the bottom is a USB Type-C port, replacing the micro-USB port that most phones in this budget have. It supports Qualcomm QuickCharge 4.0.

The selfie camera has a 13MP sensor, with AI algorithms for beautification and portrait mode. According to Xiaomi (or is it Redmi now?), the display is so durable that stepping on it won't break it. Dare we test that claim?

The Redmi Note 7's price begins at 999 Yuan for the base variant (3GB+32GB), which translates to roughly Rs 10,381; the priciest is the 6GB+64GB variant, which costs 1399 Yuan (about Rs 14,532). The company is offering an 18-month warranty to buyers in China. It's hard to say when the phone will come to India, and if it'll remain as affordable as we've come to expect from the brand. Clearly, the Note 7 brings some pretty high-end specs to the budget smartphone table, so the pricing in India will be a matter of some interest. 

-- TechRadar’s 2019 CES Awards: the best tech we saw in Vegas --

(c) 2019 Future Publishing Limited Quay House, The Ambury, Bath BA1 1UA. All rights reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (CNY)
Sales 2019 222 B
EBIT 2019 11 302 M
Net income 2019 11 725 M
Finance 2019 37 748 M
Yield 2019 -
P/E ratio 2019 17,93
P/E ratio 2020 14,24
EV / Sales 2019 0,84x
EV / Sales 2020 0,65x
Capitalization 225 B
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 11,1  CNY
Spread / Average Target 29%
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NameTitle
Jun Lei Chairman & Chief Executive Officer
Bin Lin President & Director
Yan Qi SVP-Internal Operations & Public Affairs
Shou Zi Chew Chief Financial Officer & Senior Vice President
Dong Sheng Chen Independent Non-Executive Director
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