Later this week the 2nd sales of the Xiaomi Mi Mix will begin but already Chinese scalpers have been buying the phones up and upping the prices!
The Xiaomi Mi Mix is the first time a smartphone brand has released a concept phone for customers to buy and it has already proved to be very popular! The first Xiaomi Mi Mix sale sold out in just 10 seconds, and now every new phone that is launched is immediately compared to the 18k gold boasting phone!
Xiaomi will have its 2nd flash sale for the Xiaomi Mi Mix Concept phone this week and already Chinese scalpers are capitalising on the popularity of the phone by buying up stock and selling them on.
Gizchina News of the week
Prices in Huatianbei in Shenzhen (the Chinese smartphone capital) have raised to an incredible 5020 Yuan ($737) for the entry-level 4GB RAM version of the phone, that’s an increase of 1520 Yuan ($223) which is a hefty markup!
Online resellers are also promoting the phone too, but their prices are a little more liveable.
For example popular resellers Gearbest as the 4GB RAM Xiaomi Mi Mix listed at $658.99, while the 6GB RAM version of the Mi Mix is $748.99. Further up the price range though is Everbuying who has the Xiaomi Mi Mix listed at a whopping $835!
Are you willing to pay these prices? Or are we going to see too much supply for too little demand at these prices?