AAPL - Xiaomi's Phones Are Much Cheaper Than Apple's But Its Valuation Isn't
- Xiaomi stock price has rallied over 178% since March.
- The Chinese tech company reported 34.5% YoY revenue growth in its latest quarter.
- Xiaomi's P/E ratio is 50 compared to Apple's 36.
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Xiaomi's Phones Are Much Cheaper Than Apple's, But Its Valuation Isn't