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

{rss:content:encoded} Xiaomi admits it doesn’t make money on smartphone hardware sales http://ift.tt/2gHkRJf http://ift.tt/2d6fKyf November 25, 2016 at 04:40PM  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 maker was commenting on a drop in its smartphone sales in China, explaining that they wouldn’t impact the company’s… Read More