tech
February 28, 2026
Xiaomi launches flagship smartphone as memory price surge threatens sales
The Xiaomi 17 starts at 999 euros ($1,179) while the Xiaomi 17 Ultra starts at 1,499 euros, with the device priced the same as its predecessor.
TL;DR
- Xiaomi launched the Xiaomi 17 and 17 Ultra smartphones globally.
- Memory chip prices have increased by 80%-90% in the first quarter due to shortages driven by AI demand in data centers.
- Xiaomi has maintained the prices of its new flagship phones despite the rising component costs.
- Analysts believe companies with a strong premium segment, like Apple and Samsung, are better positioned to handle these cost increases.
- Xiaomi's electric vehicle business is becoming an important revenue source, with sales surging significantly, while smartphone revenue declined.
- The company had warned in November about the likelihood of increased smartphone prices.
Continue reading the original article