Xiaomi says its business fortunes aren’t dependent on smartphone sales

Chinese smartphone maker Xiaomi has said its business model isn’t dependent on shifting handsets, with its financial fate instead entwined with the revenue from its smartphone and software businesses. 
The company’s global vice president Hugo Barra revealed its business model during an interview with Reuters that aimed to downplay analyst concerns over its prospects. Xiaomi missed its global smartphone target by 12% last year, while its third quarter smartphone sales slumpe