Flipkart sells 70,000 Le 1s smartphones in 2 seconds

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Old 03-Feb-2016
Post Flipkart sells 70,000 Le 1s smartphones in 2 seconds

Chinese electronics company LeEco today sold 70,000 units of 4G Le 1s smartphones within two seconds on ecommerce portal Flipkart.
“The response to Le 1s has been phenomenal. We had stock of 70,000 units for sale. The entire stock was exhausted within two seconds the sale opened,” Le Ecosystem Technology India COO Atul Jain said.
Around 6.05 lakh buyers registered themselves to buy Le 1s — the highest ever on Flipkart for any brand.
Flipkart Chief Business Officer Ankit Nagori said total registrations for Le 1s “have crossed previous records”.
On having a low stock as against high number of registrations, Jain said all interests shown in the product do not get converted always into sale, which the company factored in while deciding on inventory. “We have announced another sale for Le 1s on February 9. Those who could not buy it today can buy then. We are confident that we will be among top three smartphone players in the country by the end of this calendar year,” he said.

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