Xiaomi 17

Xiaomi launched its new flagship Xiaomi 17 and 17 Ultra smartphones at Mobile World Congress. Despite an 80-90% surge in memory chip prices due to supply shortages, Xiaomi has maintained the launch prices of these premium devices. Industry analysts suggest this strategy could be challenging for Xiaomi, as its sales volume is heavily reliant on mid-range devices, unlike Apple and Samsung which can leverage higher-margin premium sales. Diversification into its electric vehicle business provides a crucial revenue stream.