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$23.8 billion! Xiaomi Mi 11 showed its "trump card", People's Daily: give up illusions

author:Lee Si Thee

Recently, Xiaomi held a special conference in Beijing and officially released its latest flagship model, the Mi 11. This phone has received widespread attention and expectations before its release, and at the press conference, Xiaomi also announced the price of Xiaomi 11: the first price starts from 3999 yuan, the highest price is 6999 yuan, such a price undoubtedly shocked many people!

$23.8 billion! Xiaomi Mi 11 showed its "trump card", People's Daily: give up illusions

However, what is even more shocking is that, according to media reports, Xiaomi has invested $23.8 billion in research and development expenses for Xiaomi Mi 11 in 2021. This number is a huge number for many people, and it has also aroused widespread concern and heated discussions in society.

So, where is the $23.8 billion spent on research and development? For this question, Xiaomi founder Lei Jun answered at the press conference. He said that Xiaomi 11 uses the world's first SoC chip based on 5nm process - Snapdragon 888, and is also equipped with a series of top configurations such as LPDDR5, UFS3.1, and Wi-Fi 6. In addition, the camera of the Xiaomi Mi 11 has also been fully upgraded, and the hardware and algorithm have been optimized with emphasis. These excellent configurations and performance require a lot of technological research and development and innovation to achieve, so a lot of investment is required.

However, many people have questioned whether the Xiaomi 11 research and development expenses are so high, thinking that such investment is worth it. At this point, we can look at this problem from two aspects.

First of all, for mobile phone manufacturers, technology research and innovation has always been a very important thing. With the increasing maturity and competition of the smartphone market, various mobile phone manufacturers are constantly seeking breakthroughs and innovations in order to seek better market share and profits. Therefore, they need to devote themselves to R&D and innovation to gain an edge in the market.

$23.8 billion! Xiaomi Mi 11 showed its "trump card", People's Daily: give up illusions

Secondly, for Xiaomi, it needs to invest heavily in R&D and innovation, which is also its consistent development strategy. As an innovative company, Xiaomi not only invests a lot of money in research and development in the field of mobile phones, but also continues to carry out technological research and development and innovation in other fields. For example, in the field of smart home, Xiaomi has launched a series of products such as Mijia intelligent AI controller and Mijia smart door lock, which have been widely recognized and praised by consumers.

However, it is worth noting that while R&D and innovation, Xiaomi also needs to maintain a balance between risk management and cost control. Otherwise, over-reliance on R&D and innovation may result in wasted funds and unnecessary losses, which will affect the long-term development of the company.

In addition, for consumers, whether the price of Xiaomi 11 is too high is also a matter of concern. As a high-end flagship phone, the Xiaomi Mi 11 has excellent configuration and performance, but its price is relatively high. Whether such a high price meets market demand needs further observation and analysis.

In short, after the release of Xiaomi 11 and the announcement of 23.8 billion US dollars in research and development expenses, the society's attention and evaluation of Xiaomi have increased. For Xiaomi, it needs to maintain a balance between risk management and cost control while continuing to develop and innovate in technology to ensure its sustainable development. For consumers, they need to rationally look at the price and configuration of Xiaomi Mi 11 and make a choice that meets their needs.

$23.8 billion! Xiaomi Mi 11 showed its "trump card", People's Daily: give up illusions