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Lu Weibing: Xiaomi Has Courage to Challenge iPhone at Higher Prices; Humanoid Robots Envisioned to Enter Various Production Lines Next 5 Yrs
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XIAOMI-W (01810.HK) holds approximately a 20% market share in the entire European mobile phone market, with Spain consistently ranking first, and other markets generally in the top three, Lu Weibing, Partner, President, and Head of the Mobile Division at Xiaomi, stated. The market share in the high-end segment is improving, with collaborations in the German market with Leica and Nurburgring, along with the export of automobiles to Europe, which will radically advance the Xiaomi brand. Lu expressed strong confidence in Europe. He added that after establishing a foothold in the EUR600-800 range, Xiaomi is also beginning to challenge the market above EUR1,000 overseas. The Leitz Phone has reached the EUR2,000 price range, already surpassing the overseas price of the iPhone 17 Pro Max 1TB, indicating that Xiaomi has the courage and confidence today to wrestle with the iPhone at higher prices. Moreover, he believed that Xiaomi's investment in underlying technologies such as chips, operating systems, and robots is intertwined, with strong commonality among these technologies, laying a solid foundation for the future intelligent and large-scale application of robots. Within the next five years, humanoid robots are expected to enter various Xiaomi production lines on a large scale, undertaking more repetitive and high-intensity tasks, further enhancing production efficiency, Lu predicted. AASTOCKS Financial News Website: www.aastocks.com |
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