Xiaomi admits it doesn’t make money on smartphone hardware sales – TechCrunch

Xiaomi’s business model isn’t about selling handsets, except insofar as those handset sales lead to recurring service revenue later on. So said Xiaomi global VP and former Android VP Hugo Barra in an interview with Reuters. The executive for the device …
Xiaomi sales plummeting, company remains unfazedPhone Arena
Xiaomi says shrinking smartphone sales won’t hit the companyReuters
Hugo Barra: “Xiaomi could sell 10 billion smartphones and not make a profit”Android Authority (blog)

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