Looks like yet another sell-out for a Xiaomi product. According to Xiaomi, they have sold 100,000 of their latest product, Hongmi, in 90 seconds. Hongmi is a quad-core budget phone from Xiaomi that costs only around $130. Hongmi has the following specifications:
Operating System: Android 4.2 based MIUI V5
CPU: MTK 6589T CPU ARM A7 quad cores, 28nm, 1.5GHz
Display: 4.7 inches IPS display with 1280×720 resolution or 312PPI
RAM: 1GB RAM
Internal Storage: 4GB ROM
Camera: 8MP BSI main camera + 1.3MP front camera , support 720p HD video recording
Others: Dual sim cards, TDS-CDMA+GSM, GPS/OTG/WIFI Direct/MI Sound/Gyroscope/Electronic Compass/Dual mic/Bluetooth 4.0
Last time Xiaomi had sold out 200,000 of its flagship Mi-2S smartphone in under a minute. Due to limited production of low price/high specs devices, Xiaomi has a history of getting massive pre-orders followed by instant sell outs. While Xiaomi only sells in Mainland China, Hong Kong and Taiwan, it is slowly gaining worldwide recognition and fan following. According to the latest report by analyst firm Canalys, Xiaomi has overtaken Apple has the sixth largest smartphone vendor in China.
The next flagship from Xiaomi, the MI-3, is tipped to be released this September.