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Is Xiaomi at the bottom yet? The market looks weak indeed, hovering around 3.5, corresponding to 27.6 HKD. It has dropped from 59.9, nearly halving—quite brutal. Smartphone shipments fell 26.5% in Q2, but ASP hit 1351 yuan, a record high. They actively cut low-end models because storage chip prices surged too much to bear. Volume is down but prices are up; this is a deliberate adjustment, not a crash #LaborMarketTestsWalsh #BTCGoldCorrelation #BroadcomDellAIResults