---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39829381.md"
description: "$XIAOMI-W(01810.HK) The moat is still too weak. Once the product cycle is hit, the impact is long-term and irreversible, unless a blockbuster product is immediately launched to recapture the market.In this regard, we still have to refer to $Apple(AAPL.US) and $Tesla(TSLA.US). Their product strength is solid, cash flow is sustainable, and the future is easier to predict."
datetime: "2026-04-10T10:05:33.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39829381.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39829381.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39829381.md)
author: "[Jeff蜜桃猫的交易员](https://longbridge.com/en/profiles/15261700.md)"
---

# $XIAOMI-W(01810.HK) The moat is still too weak. On…


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## Comments (4)

- **Macintosh Lee · 2026-04-10T10:39:48.000Z**: If it's a market cap of tens of billions, it's not too much to copy a bit here and there, everything starts easy... But if it's hundreds of billions or trillions and still like that, how can that be justified?
  - **Jeff蜜桃猫的交易员** (2026-04-10T11:49:59.000Z): Too busy focusing on channels and ecosystem, the product strength is still lacking.
  - **那什么拯救一只垃圾股** (2026-04-10T12:08:32.000Z): I agree with this statement. A company worth trillions still following a strategy of imitation, even capital isn't interested in going long anymore.
- **Macintosh Lee · 2026-04-10T10:32:57.000Z**: Seems like there's no moat, and it doesn't seem to have the ability to dismantle others' moats either, it's just copying a shell from here and there...