according To the global vp of Xiaomi, Hugo Barra, the company is not affected in large part by the sharp decline in sales of smart phones, since their profitability is more dependent on smart devices for the home and its ecosystem of software.
In an interview with Bloomberg, the executive said that the company’s objective is to generate streams of recurring revenue for many years.
In April, the vice president Liu said that the firm expects sales of devices of home automation to be doubled to CNY 10,000 million (US$ 1,500 million) this year.
In August, we reported that Xiaomi suffered a quarter to the poor, with global shipments with heavy falls and diminishing market share, which affects their valuation.
The rapid growth of Xiaomi of years ago led to the company to be valued at US$ 46.000 million 12 months ago and is thought to be one of the outputs to Bag more valuable in the world. However, the level of the current income of the company valued at$ 3,600 million.
Xiaomi does not release financial information.
The company has invested heavily in India and southeast Asia and wants to enter the u.s. market with a device suitable for roaming on 4G networks, pointing to the chinese users who travel to the U.S.; in addition to prepare selling direct to customers in the united States.
In this sense, in next January plans to launch the product for the first time at the Fair Consumer Electronics Las Vegas.
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