Xiaomi Rolls Out Mini-LED TVs in India and AirDrop Integration, but Stock Languishes Near Bottom

Xiaomi launches Mini-LED TVs in India and adds Quick Share with AirDrop to its 17T Pro, but shares languish near a 52-week low amid smartphone margin pressure.

Xiaomi is pushing deeper into higher-margin territory with a pair of ecosystem moves this month, yet the stock remains within a whisker of its 52-week low. The company’s latest product launches — a premium Mini-LED television line in India and cross-platform file-sharing support for its flagship smartphone — underscore a widening gap between operational ambition and market sentiment.

The TV FX Mini LED Series, unveiled for the Indian market, spans four screen sizes from 43 to 75 inches. Each model uses QD-Mini-LED technology with full array local dimming, 4K resolution and HDR10+, plus Fire TV integration, Apple AirPlay 2 and a 120 Hz gaming mode. Regular pricing starts at 32,999 Indian rupees for the 43-inch entry point and tops out at 84,999 rupees for the 75-inch version, with introductory offers cutting those tags to as low as 29,999 rupees. Sales begin June 11 through Amazon, Flipkart and Xiaomi’s own online store.

On the software side, Google’s “June Android Drop” on June 2 brought Quick Share with AirDrop compatibility to select devices, and Xiaomi’s 17T Pro made the initial support list in Google’s official compatibility roster. The feature, assigned to HyperOS 3 by Spanish business daily Cinco Días, allows users to swap photos, videos and documents between Android handsets and iPhones over Bluetooth. Only the 17T Pro is named so far — no other Xiaomi model appears in the current or “Coming Soon” sections. Separately, Xiaomi launched the standard 17T in India on June 4, priced at 59,999 rupees with a Leica periscope camera offering 5x optical zoom, a 6,500 mAh battery and HyperOS 3 on Android 16.

The twin moves highlight Xiaomi’s bid to strengthen its AIoT ecosystem, a segment that delivered 24.7 billion yuan in revenue during the first quarter of 2026. Overseas sales hit a record, and the unit’s gross margin surged to 25.2 percent, up 5.1 percentage points from the previous quarter. As of March 31, roughly 1.12 billion devices were connected to the company’s AIoT platform — excluding smartphones, tablets and laptops — with nearly 24 million users operating five or more linked gadgets.

But the smartphone core tells a more cautious story. Shipments dropped to 33.8 million units in Q1, dragged by weaker global demand and a deliberate culling of low-end models. The average selling price nonetheless rose to 1,310.1 yuan, confirming Xiaomi’s shift upmarket. Yet smartphone gross margin narrowed to 10.1 percent from 12.4 percent a year earlier, squeezed by rising memory costs and intensifying competition in mainland China. The company still ranked third worldwide by shipments with an 11.3 percent market share, according to Omdia.

Shares are reflecting none of the ecosystem progress. The stock trades near 3.10 euros, barely above the 52-week floor of 3.04 euros. It has lost roughly 30 percent since the start of the year and nearly 49 percent over the past twelve months. Both the 50-day moving average at 3.39 euros and the 200-day average at 4.32 euros sit well above the current price, underscoring persistent bearish pressure.

Investors appear focused on smartphone headwinds, margin compression in certain categories and a choppy global consumer backdrop rather than the breadth of Xiaomi’s connected-device empire. The TV launch offers a near-term test of whether premium AIoT products can stabilise segment margins, while the AirDrop integration’s value depends on whether it rolls out beyond a single handset. For now, the stock price suggests the market is waiting for proof — not product announcements.