Xiaomi Mi3 specs, review and news: China’s fastest selling handset, with its first 100,000 units sold-out at a price tag of $327 is expected to see strong sales record, reported ZDNet. Chinese smartphone maker Xiaomi has pulled off another successful aggressive marketing bid to push the Mi3.

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.

Due to the demand of the Mi3. some customers has approached scalpers for a unit, some of whom even claiming to deliver the Mi3 on October 15 for an augmented price, $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.