Flipkart mobile app achieves 50 million installations

"Flipkart has become the first Indian app to cross the 50 million installs landmark on Google Android Play Store. This landmark was crossed in the first week of February 2016," said a company statement, adding the mobile app has beaten several other popular apps in the genres of communication, social and entertainment to reach the milestone.

 

In India, Google`s Android Operating System (OS) is the leading mobile operating system with the highest share.

According to Flipkart, app traffic comparison site SimilarWeb has ranked its app as India`s top shopping app with 47 percent share of all shopping app visits, while, including Myntra, it is 63 percent.

Le 1s does it again! 55,000 units sold in 9 seconds during Flipkart flash sale

 

LeEco's Le 1s has been insanely popular and a hit both with the critics and the fans.

Confirming this, 55,000 units of Le 1s superphone were sold in just 9 seconds during its third flash sale on Flipkart Tuesday afternoon.

Sadly, there were about 3.7 lakh eager fans who could not hit the 'Buy Now' button in time during the 9 seconds on Flipkart; over 4.2 lakh had registered for the Le 1s silver variant flash sale.

It is interesting to note that, LeEco Le 1s has sold 2.2 lakh units within 31 seconds in the three flash sales, with registrations crossing 20.2 lakh.

During the first flash sale, Le 1s had sold 70,000 units in just 2 seconds and sold another whopping 95,000 units in 20 seconds during their second sale.

Priced at Rs 10,999, the Le 1s is a full-metal unibody and comes with a 5.5-inch full HD (1920x1080) display at 403 ppi.

It is powered by a 2.2GHz Helio X10 Turbo octa-core processor with a PowerVR G6200 GPU along with 3GB RAM. It also comes with a 32 GB internal storage that can be expanded via a microSD card.

It has a 13MP rear camera and 5MP front-facing camera, is powered by a 3000mAh battery, and runs Android 5.0 Lollipop.

Do you know Le 1s costs more than Rs 10,999? Know the real price here

 

Priced at just Rs 10,999 for features that are usually found in phones costing above Rs 25,000, Le 1s has become immensely popular since its arrival into the Indian smartphone market.

During the past three flash sales on Flipkart, 2.2 lakh units of Le 1s has been sold in just 31 seconds with registrations exceeding 20 lakh.

However, the interesting fact of the matter is that, the Le 1s costs more than what it has been priced at – Rs 10, 999.

It costs Rs 16,042.

Yes! That is right. The cost of the components used for making the phone is Rs 16,042, but the company is selling it at subsidised rates.

"We are working on whole Internet eco-system and not just devices. We will open the sale of Le 1s for Rs 10,999 on Flipkart from Tuesday onwards and customers purchasing it using Axis Bank card will get it for Rs 9,899,” Le Ecosystem Technology India Chief Operating Officer Atul Jain said prior to the first flash sale.

"We are selling this device without any margin to boost eco-system of our other offerings," he added.

Le 1s features a metal unibody with a 5.5 inch full high definition display, 64-bit octa-core processor, 3GB RAM and 32GB internal storage. It has 13-megapixel rear camera, and 5-megapixel wide angle selfie camera.

The phone has a 3,000 mAh battery with fast charging support, which means a 5 minute quick charge can sustain a 3.5 hour talk time.

RBI told to look into FDI in etail

New Delhi: The commerce ministry has requested the enforcement directorate and RBI to look into the complaint of retailers that e-commerce majors like  Flipkart and others who are violating FDI rules by engaging in business-to-consumers (B2C) activity. Confederation of All India Traders (CAIT) had complaint that e- commerce portals are circumventing the law and are engaged in business to consumers  (B2C) activities as 100 per cent FDI is allowed only in the business-to-business (B2B) segment.

 

“It’s requested that the matter may be examined and appropriate action may be taken,” said a letter by the ministry addressed to ED and RBI.  CAIT had alleged that e-commerce companies have solicit general public into their respective sales by big advertisement campaign on print, electronic and social media. “Since they have received foreign investment as such they are allowed to undertake B2B e-commerce activities and not business to consumers (B2C). The said advertisements addressed to the public in general tantamount to retail trading,” said CAIT. The CAIT further said that these companies claims to be a marketplace and therefore can  provide only a technology platform for the sellers and not offer ‘sale’ or ‘discounts’.