The nearly $600 Xiaomi Mi 11 flagship costs the same to make as the iPhone 12

The world’s first Qualcomm Snapdragon 888-powered smartphone, the , has been released in China. The device boasts an impressive specifications sheet: 6.81 inches AMOLED panel with a 3200 x 1440 resolution and 120Hz refresh rate, an under-screen fingerprint sensor, a triple camera system with a 108MP main sensor, a 5MP telephoto unit, and a 13MP ultrawide module, and a 4,600mAh battery with support for 55W wired and 50W wireless charging.

The base variant with 8GB of RAM and 128GB of storage costs 3,999 Chinese Yuan (~$612). Western prices haven’t been …
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