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Billionaire Xiaomi Founder Unveils a $630 Smartphone Answer to iPhone 17

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September 24, 2025

Beijing-based Xiaomi is aggressively pushing for a bigger slice of the premium segment. But confronting Apple means taking on a US company that controls 62% of premium smartphone sales globally, comprising handsets costing $600 or more. Xiaomi has only a single-digit share, according to Counterpoint Research. 

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Team Counterpoint

Counterpoint research is a young and fast growing research firm covering analysis of the tech industry. Coverage areas are connected devices, digital consumer goods, software & applications and other adjacent topics. We provide syndicated research report as well as tailored. Our seminars and workshops for companies and institutions are popular and available on demand. Consulting and customer