At the Xiaomi event yesterday, August 10, CEO Lei Quan announced that the company will refund all first-time buyers of its first smartphone, Mi 1, announced 10 years ago. .
The manufacturer revealed that it has sold 184,600 smartphones with the launch price of 1999 yuan ($308). The total revenue achieved from sales is more than 370 million yuan, and that amount has helped Xiaomi achieve today’s position as the second largest phone brand in the world.
As a way to show its appreciation to the early adopters who put their trust in the company, Xiaomi said it is refunding the cost of the purchase of this M1 phone. However, because it would be too complicated to refund each buyer, the company converted the refund into a gift certificate of the corresponding amount. The gift voucher can be used to purchase any item on the Xiaomi online store.
Mi 1 was announced in August 2011. The phone has a 4-inch LCD screen, 1GB of RAM, a Snapdragon S3 dual-core processor, an 8MP rear camera, a 2MP front camera, and a plastic body.
Xiaomi Mi 1
Refer to Gizmochina