Xiaomi Mi3 Specs, Review: $327 Handset Is China’s Best Selling Phone Ever, Will This Sell Better Than iPhone 5S And 5C?

Xiaomi Mi3 specs, review and news: $327 is equal to a month’s wages in China, but it didn’t keep . It sold 100,000 units in 86 seconds when it was first launched and it took less than 10 minutes to clean out it’s second 100,000 batch . With this rate and the fact that China has a lucrative consumer market, will it sell better than the iPhone 5S and 5C combined?

According to TechWeb report, the phone was sold out 86 seconds after it was launched on October 15. The device features a Tegra 4 quad-core CPU and 5-inch full-HD screen and and is being sold at 1,999 Yuan or $327. The Xiaomi Mi3 was first launched by company CEO Lei Jun, who many are hailing as the Steve Jobs of China. Mi3 has been considered the model with the highest capacity-price ration in the market.

In a report by GizChina, it is reported that the WCDMA version of the Mi3 is coming soon. It was alleged that a Mi3 sold as a WCDMA on eBay was not only overpriced, but also fake. Despite it being a hoax, the unit was sold and saw demand.

According to reports, due to great demand for the Xiaomi Mi 3, some customers have approached scalpers for a unit for an augmented price, up to $164 more than the retail price. Beijing Business reported that most scalpers would not reveal where the device has been sourced out but noted that the extra price is for the cost of having to hire someone to order it.

The Xiaomi Mi3 has specs that is very competitive to its Western counterparts. Aside from the display, it has also an under the hood that gives consumers options for a processor of their choice (Nvidia Tegra 4 or Qualcomm Snapdragon 800).

Xiaomi Mi 3 runs on Xiaomi’s Android-based system, MIUI, which has over 20 million hardware users.

The manufacturer of the device, Xiaomi, has surpassed Apple as the market leader in the lucrative Chinese market. The company has created a production process that allows them to sell units in 100,000 batches, integrating new updates along the way in newly produced hardware units which is then sold every Tuesday noon.