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Xiaomi launches $1,600 Samsung phone challenger as it rides 300% stock rally to record high

Xiaomi launched the Xiaomi 15 and Xiaomi 15 Ultra on Sunday at the Mobile World Congress. The Xiaomi 15 starts at 999 euros ($1,047) and the Xiaomi 15 Ultra starts at 1,499 euros ($1,571). Xiaomi is continuing its push into higher end devices where it is trying to challenge market leader Samsung.
Xiaomi has launched the Xiaomi 13 Ultra, a high-end smartphone priced at approximately $1,600, positioning it as a direct competitor to Samsung's flagship models. This launch coincides with a significant 300% rally in Xiaomi's stock, pushing its market value to a record high. The Xiaomi 13 Ultra features a Leica-tuned quad-camera system, a Snapdragon 8 Gen 2 processor, and a 6.73-inch AMOLED display, aiming to capture the premium market segment. The device's introduction is part of Xiaomi's strategy to diversify its product offerings and strengthen its presence in the global smartphone market, especially as it seeks to recover from previous market share losses and capitalize on the growing demand for luxury smartphones.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/technology/xiaomi-launches-1-600-samsung-phone-challenger-as-it-rides-300-stock-rally-to-record-high/ar-AA1A5rqC ]


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