China's Xiaomi could be twice as expensive as Apple: Report
China's Xiaomi could be twice as expensive as Apple in terms of market value, according to Morgan Stanley. Due to Xiaomi's faster growth trajectory, it is expected to trade at around 27 times to 34 times the forecasts for 2019 adjusted earnings. That's roughly the double of Apple's valuation of 14.5 times the estimated 2019 adjusted earnings, according to Bloomberg.