XIACY · Forward model · Other related businesses
What has to happen in Other related businesses
Model as of
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Other related businesses
Basis quarter$238M
Final quarter$335M
Implied CAGR+7%
Final revenue mix1%
The residual inside Smartphone x AIoT - roughly RMB1.6 billion a quarter of accessories, repairs and other items Xiaomi reports as a line but never describes. It exists in this model so the five verticals sum to the reported consolidated revenue exactly, in every quarter, rather than approximately.
Last four quarters
2025 Q3
$140M
Estimated
2025 Q4
$124M
Estimated
2026 Q1
$107M
Estimated
2026 Q2
$238M
Reported
Other related businesses within Smartphone x AIoT
Sequential growth
+2.0%/qtr
decaying toward +1.5%
2% a quarter. It grew 16% YoY off a small base and Xiaomi says nothing about what drives it.
Other related businesses
Latest: $335M (2031Q2E)
| Period | Value |
|---|---|
| 2025Q2 | $194M |
| 2025Q3 | $140M |
| 2025Q4 | $124M |
| 2026Q1 | $107M |
| 2026Q2 | $238M |
| 2026Q3E | $243M |
| 2026Q4E | $248M |
| 2027Q1E | $253M |
| 2027Q2E | $257M |
| 2027Q3E | $262M |
| 2027Q4E | $267M |
| 2028Q1E | $271M |
| 2028Q2E | $276M |
| 2028Q3E | $281M |
| 2028Q4E | $286M |
| 2029Q1E | $290M |
| 2029Q2E | $295M |
| 2029Q3E | $300M |
| 2029Q4E | $305M |
| 2030Q1E | $310M |
| 2030Q2E | $315M |
| 2030Q3E | $320M |
| 2030Q4E | $325M |
| 2031Q1E | $330M |
| 2031Q2E | $335M |
Assumptions & reasoning
- Only the June 2026 quarter is a disclosed figure here, at RMB1.6bn. The four earlier quarters are the residual left when the four named lines are subtracted from reported consolidated revenue, and are flagged estimated for that reason.
- Its economics are assumed outright. Xiaomi discloses neither a gross margin nor an operating result for this line, so both margin inputs are ours and the vertical is small enough that neither changes the answer.
- It is carried as its own vertical rather than folded into another one so that no named segment absorbs a residual it did not earn.