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Xiaomi Sells Out of New Smartphone in 90 Seconds

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Fast rising Chinese smartphone manufacturer, Xiaomi says that it sold out of its latest smartphone at a speed that would be more usual for music concert tickets.

The company said on its Weibo account that all 100,000 units of its new Mi3 smartphone sold out in just under 90 seconds.

The Mi3 comes with a Tegra 4 quad-core CPU and 5-inch full-HD screen, and sells at 1,999 yuan (US$327).

The company was taking the orders online, so sales haven't even started in retail stroes yet.

The company also released a smart TV, and sold all 3,000 units in under two minutes.

On the web: Wiebo Statement

Xiaomi Mi3

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Tags: xiaomi  China