XIAOMI(HK:01810) Sou Hu Cai Jing·2025-09-30 07:40Core Viewpoint - Xiaomi's 17 series has achieved significant sales success, with over 1 million units sold within two days of launch, driven primarily by the high demand for the Pro Max model [1][5][8] Group 1: Product Launch and Sales Performance - The Xiaomi 17 series includes three models: Xiaomi 17, Xiaomi 17 Pro, and Xiaomi 17 Pro Max, with the Pro Max being the most popular [1][5] - The Pro Max model has already sold out in some stores, indicating strong market demand [1][5] - The series set a new sales record for domestic smartphones within the first five minutes of launch, with the Pro Max accounting for over 50% of first-day sales [5][8] Group 2: Technical Specifications - All three models are equipped with Qualcomm's fifth-generation Snapdragon 8 processor, built on a 3nm process, with a clock speed of 4.6GHz, achieving over 4 million on AnTuTu benchmark [3] - The Xiaomi 17 and 17 Pro feature a 6.3-inch 1.5K AMOLED display with a 120Hz refresh rate, while the Pro Max has a 6.85-inch 2K Real RGB OLED display [3] Group 3: Camera and Battery Features - The Xiaomi 17 Pro features three 50MP Leica lenses, including a main camera, telephoto, and ultra-wide, along with a 50MP front camera [5] - The Pro Max model includes a 7500mAh battery with 100W wired and 50W wireless fast charging capabilities, while the Pro model has a 6300mAh battery [5] Group 4: Market Challenges and Adjustments - Despite the initial success, analyst Ming-Chi Kuo has lowered the overall shipment target for the Xiaomi 17 series by 20%, predicting it may not exceed 8 million units, compared to the previous model's 10 million target [5][7] - The standard version of the Xiaomi 17 is underperforming, accounting for only 15-20% of total sales, which is significantly lower than the expected 50% [7] - Xiaomi's public relations manager stated that there are no plans to cut orders and that production of the standard version and Pro series will be increased [7][8]