Based on a new report by Reuters, Xiaomi’s smartphone sales have been declining.
However, as shocking as it may sound, the market estimates revealed that the company’s sales went down by 25% compared to the same time last year. Shipments have also declined to 38% in Q2, 2016.
I wonder why the company hasn’t made a serious effort in bringing their smartphones to this part of the world, considering the fact that Nigeria played a key role in the growth of Tecno and Infinix.
On the flip side, Xiaomi is not perturbed by the recent decline in sales. According to Xiaomi’s global vice president Hugo Barra via Reuters
“Basically we’re giving [handsets] to you without making any money… we care about the recurring revenue streams over many years. We could sell 10 billion smartphones and we wouldn’t make a single dime in profits,” he added.