Xiaomi lifts Class B phone prices, repurchases 1.8M shares
Xiaomi raised prices on several Class B models due to rising memory costs and market pressure, shifting new devices to higher tiers and cutting low-end discounts. It repurchased 1.8M Class B shares on Sept 3 for HKD 49.4M.
Xiaomi Corporation Class B (HKEX:1810) raised prices on several models, moved new devices into higher tiers and reduced discounts on lower-end phones as it responded to rising memory costs and market pressure. 4M.