Xiaomi sales plummeting, company remains unfazed
"We could sell 10 billion smartphones and we wouldn't make a single dime in profits," Barra told Reuters in an interview. "Basically we're giving [handsets] to you without making any money… we care about the recurring revenue streams over many years.”
Despite the downward trend in smartphone sales, Xiaomi is still investing heavily in the Asian mobile market and is finally gearing up to make its Western debut next month with a device capable of working on U.S. 4G networks. Furthermore, the company is preparing to show off a “global” mobile device at CES 2017, which serves as evidence that Xiaomi is nowhere close to giving up on the mobile game.
Would you buy a Xiaomi phone if it was readily and widely available in your country?
source: Reuters
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