Zee Media Bureau
New Delhi: Chinese handset maker Xiaomi on Wednesday completed six years of its existence in the market and celebrated it with a blockbuster Mi Festival in India.
Founded on April 6, 2010, Xiaomi is already considered the 'Apple' of China where it broke the US tech giant's holding in the market.
Valued at about USD 20 billion, Xiaomi is today just behin Apple and Samsung globally in the smartphone market while gaining significantly in most across the globe.
It made its entrance into the Indian smartphone market with the Redmi 1s in 2014 which was an instant success.
The Redmi 1s is today considered as a pioneer in low budget smartphone market in the country.
Observing its 6th anniversary, Xiaomi on Wednesday conducting the Mi Festival in India exclusively on Mi.com to a blockbuster success; all the top deals including Mi 5, Redmi Note 3 and Mi Power Bank were sold out and went out of stock during the flash sales.
The Xiaomi Mi 5, the company's latest offering was up for flash sale at 11:00 am on Mi.Com and was sold out, going out of stock within a short time.
Priced at Rs 24,999, the Mi 5 It comes with a 5.15-inch full HD display and is powered by the latest Snapdragon 820 processor with a 3000 mAh battery. It runs Android 6 and has a 16 megapixel rear camera with four-axis OIS.
Redmi Note 3 and the 20,000 mAh Mi Power Bank were also sold out and went out of stock in the next two flash sales that followed at 2:00 pm and 5:00 pm.
While the Redmi Note 3 has been priced at Rs 9,999, the Mi Power Bank was priced at Rs 1,699 only.
All the three major deals of the Mi Festival were declared out of stock at the end of the 3rd flash sale which was at 5:00 pm.