Well, mostly nobody need what high-end smartphones offer. Cheaper smartphones (say, in the low hundreds of bucks range) cover 100% of the needs of the average

Well, mostly nobody need what high-end smartphones offer. Cheaper smartphones (say, in the low hundreds of bucks range) cover 100% of the needs of the average user. Still, a lot of people buy the high end ones. My conclusion is that people like expensive toys (especially true when it comes to iPhones) So, nothing wrong about Xiaomi going after that market. It certainly exists.