Xiaomi says shrinking smartphone sales won’t hit the company

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