The initial sales results of Xiaomi’s new 17-series smartphones have “exceeded expectations” so far, according to company founder, chairman and CEO Lei Jun in a Tuesday post on the Chinese microblogging platform Weibo. Beijing-based Xiaomi launched its 17-series smartphones last month, two weeks after Apple introduced its iPhone 17 models. In a separate Weibo post on Tuesday, Xiaomi’s smartphone business president, Lu Weibing, apologised for the “insufficient stock” of the company’s new flagship...