At the earnings briefing, Lu Weibing, representing Xiaomi Group, commented that the current surge in memory prices, both in terms of speed and scale, has caught everyone off guard, presenting substantial operational hurdles for Xiaomi. Nevertheless, he pointed out that the relatively small share of memory costs in their overall expenses, the well-rounded 'Smart Living for People, Vehicles, and Homes' ecosystem strategy, and their focus on high-end smartphones collectively act as buffers against these challenges. As Xiaomi continues to advance its high-end market approach, it's weathering the storm quite effectively. Yet, Lu Weibing didn't dismiss the chance of raising product prices should the cost pressures mount excessively. He emphasized the importance of monitoring the post-price-hike scenario, suggesting that it could spur a more profound transformation within the industry, weed out weaker players, and, at the same time, fuel innovation.