Ina Fried

Recent Posts by Ina Fried

Xiaomi Sells 100,000 Smartphones in Less Than 90 Seconds

Chinese phone maker Xiaomi said Monday night that it sold 100,000 of its new MI3 smartphones in just one minute and 29 seconds.

Xiaomi Mi-3 (2)-feature

In a tweet, the company also said it sold its supply of 3,000 of its MITV set-top box in just under two minutes.

The fast-growing Chinese phone maker, which recently hired former Android executive Hugo Barra, is known for rapidly selling thousands of its latest phones at a time.

Here’s a video of Xiaomi’s Bin Lin talking about the company at our recent Dive Into Mobile conference:


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work