在这种情况下，提高终端售价或者降低部分配置几乎成为品牌维持利润的必然选择。 自2025年底以来，小米、OPPO、vivo等品牌新机型起售价普遍上调100-600元。而苹果iPhone的高端机型内存成本仅占平均售价的4%，受冲击极小。 为了控制成本，部分厂商还取消了8GB+128GB的低配版，强制用户购买更高利润的版本；甚至有厂商在考虑重新支持MicroSD卡，让用户自己买卡扩容，从而规避 内置存储的高成本库存风险。 不少人期待着2026年存储价格能够回落，但往往事与愿违，消费者反而面临一个更贵的电子产品市场。 有数码博主爆料称，今年安卓机型整体涨幅达15%-20%，中低端预计涨价200-400元，高端机型涨幅超1000元。 当前存储芯片成本的上涨正引发连锁反应，这一影响已波及手机行业。 过去，存储芯片在智能手机BOM（物料成本）中的占比约为10%-15%，如今已快速攀升至30%-40%，成本压力明显加重。 不过在这位博主看来，手机涨价的原罪并非存储，而是全供应链材料集体涨价带来的结果。 该博主表示，实际上，锡暴涨、银暴涨，2nm芯片报价较3nm再涨50%+，就连中框、金属机身原料都涨了接近一倍。 据悉，手机主 ...

Core Viewpoint - Xiaomi Group's stock price has been on a downward trend despite a strong Q3 financial report, reflecting ongoing market sell-off sentiment [2] Financial Performance - Xiaomi Group reported Q3 total revenue of 113.1 billion yuan, a year-on-year increase of 22.3% - Adjusted net profit for Q3 was 11.3 billion yuan, up 80.9% year-on-year - The company's automotive and AI innovation businesses achieved quarterly profitability for the first time, generating 700 million yuan [2] Stock Market Reaction - Following the Q3 earnings report, Xiaomi's stock price fell sharply, reaching a low of 38.22 HKD, dropping below the 40 HKD mark and resulting in a total market capitalization loss of over 100 billion HKD [2] - The stock has decreased by 36.83% from its year-to-date high of 61.45 HKD on June 27 [2] - From September 25 to November 19, Xiaomi's market value evaporated by over 530 billion HKD, surpassing the combined market value loss of competitors NIO, Li Auto, Xpeng, and Leap Motor [3] Market Sentiment and Short Selling - Market sentiment has turned pessimistic, with a 53% increase in short positions against Xiaomi reported by Goldman Sachs [3] - Institutional trading has leaned towards selling, particularly from pension funds and hedge funds, indicating a lack of short-term catalysts for Xiaomi [3] Safety and Production Issues - Safety concerns arose from incidents involving Xiaomi's vehicles, including a fire accident and a recall of 117,000 SU7 vehicles due to defects [3] - The construction of Xiaomi's second-phase factory has faced delays, impacting the planned annual production capacity increase to 300,000 vehicles [4] Analyst Perspectives - Goldman Sachs downgraded Xiaomi's target price by over 10%, citing rising storage chip costs that could further squeeze profit margins [5] - Citic Securities remains optimistic about Xiaomi's long-term growth potential, highlighting the profitability of its automotive and AI businesses in Q3 [5] - Xiaomi's president indicated that while Q4 will remain stable, 2026 will present significant challenges, particularly regarding profit margins and competition in the automotive sector [5]