Story perspectives

Xiaomi Launches Flagship Phones Amidst Declining Smartphone Market

2/28/2026

Summary

Story summary

Xiaomi launched its flagship smartphones, the Xiaomi 17 and 17 Ultra, priced at 999 euros and 1,499 euros, respectively.
Memory prices have risen 80–90% due to supply shortages directed toward AI data centers, potentially impacting sales.
The International Data Corporation (IDC) forecasts global smartphone shipments will decline 12.9% in 2026, the largest drop in more than a decade.
Budget manufacturers are expected to struggle, while Apple and Samsung are anticipated to gain market share.
The average smartphone price is projected to rise 14% to $523 this year.

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Story summary

Xiaomi launched its flagship smartphones, the Xiaomi 17 and 17 Ultra, priced at 999 euros and 1,499 euros, respectively.
Memory prices have risen 80–90% due to supply shortages directed toward AI data centers, potentially impacting sales.
The International Data Corporation (IDC) forecasts global smartphone shipments will decline 12.9% in 2026, the largest drop in more than a decade.
Budget manufacturers are expected to struggle, while Apple and Samsung are anticipated to gain market share.
The average smartphone price is projected to rise 14% to $523 this year.