XIAOMI(HK:01810) Sou Hu Cai Jing·2025-12-26 02:15Core Viewpoint - Xiaomi's new flagship model, the Xiaomi 17 Ultra Leica version, has successfully positioned itself in the high-end market, comparable to Huawei's Mate80 series, as evidenced by the high demand and significant price markup by resellers [1][9]. Group 1: Product Demand and Pricing - The Xiaomi 17 Ultra Leica version sold out quickly on online platforms, with resellers marking up prices significantly, with some models seeing price increases of over 1,000 yuan [2][3]. - The 16GB+1TB version of the phone has been reported to have resale prices reaching up to 10,000 yuan, which is over 1,000 yuan more than the official price [3]. - Despite initial high prices from resellers, the market has stabilized, with some resellers selling at official prices shortly after the launch, indicating limited long-term price inflation [9]. Group 2: Supply Chain and Production - Xiaomi has a strong control over its supply chain, ensuring that there are no shortages of components, which allows for efficient production and quick market response [13]. - The company can complete the production and market launch of a new phone within five to six days, unlike competitors who may take months [13]. Group 3: Product Features and Innovations - The Xiaomi 17 Ultra Leica version features distinct design elements, including the first-ever Leica red logo on a Chinese brand phone, enhancing its market recognition [15]. - The phone includes advanced hardware, such as a one-inch main camera and a 200-megapixel periscope telephoto lens, capable of continuous optical zoom, a first in the domestic market [17][19]. - The device's unique optical structure allows for complex focusing and zooming capabilities, making it a strong contender in the smartphone imaging market [19].