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Xiaomi says shrinking smartphone sales won't hit the company
this image is quoting of "reuters" site
- Attendants are silhouetted in front of Xiaomi's logo at a venue for the launch ceremony of Xiaomi's new smart phone Mi Max in Beijing, May 10, 2016.REUTERS/Kim Kyung-Hoon/File PhotoBEIJING Sharp drops in smartphone sales for China's Xiaomi Inc [XTC.UL] will not have a major impact on the company as profit growth will be driven by sales from smart home devices as well as revenue from its software eco-system, a senior executive said.Xiaomi was valued at $46 billion in its last fund-raising in 2014 - making it briefly the world's most valuable start-up at a time when it was China's best-selling smartphone maker and looked set to make a splash worldwide.
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Xiaomi: Xiaomi says shrinking smartphone sales won't hit the company
this image is quoting of "indiatimes" site
- Sharp drops in smartphone sales for China's Xiaomi Inc will not have a major impact on the company as profit growth will be driven by sales from smart home devices as well as revenue from its software eco-system, a senior executive said.Xiaomi was valued at $46 billion in its last fund-raising in 2014 - making it briefly the world's most valuable start-up at a time when it was China's best-selling smartphone maker and looked set to make a splash worldwide.But last year it missed its global smartphone targets by 12 percent, while its third-quarter China smartphone sales have tumbled 45 percent, according to research firm IDC - raising doubts that the valuation is still warranted.
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Xiaomi says shrinking smartphone sales won't hit the company
this image is quoting of "reuters" site
- Attendants are silhouetted in front of Xiaomi's logo at a venue for the launch ceremony of Xiaomi's new smart phone Mi Max in Beijing, May 10, 2016.REUTERS/Kim Kyung-Hoon/File PhotoBEIJING Sharp drops in smartphone sales for China's Xiaomi Inc [XTC.UL] will not have a major impact on the company as profit growth will be driven by sales from smart home devices as well as revenue from its software eco-system, a senior executive said.Xiaomi was valued at $46 billion in its last fund-raising in 2014 - making it briefly the world's most valuable start-up at a time when it was China's best-selling smartphone maker and looked set to make a splash worldwide.
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