Xiaomi Redmi Note gets black marketed on OLX, eBay and social media after selling out in six seconds in India

The first Xiaomi Redmi Note flash sale yesterday was over in a blink of an eye, and not surprisingly many potential buyers were left disappointed. Some of the lucky ones who did manage to grab the phablet, are now selling it at a premium on sites like OLX, eBay India and Quikr. 50,000 units of the Redmi Note were sold on Flipkart yesterday, where almost 350,000 users were registered for the sale. Also Read - Xiaomi Redmi 9 Prime launched in India: Price, sale date, specifications and more

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The Redmi Note is officially priced at Rs 8,999, but users are selling it for as high as Rs 16,498. There was a similar scenario when Xiaomi had launched the Mi 3 earlier this year. The flagship device was hard to get on Flipkart s flash sales, and it spawned a similar black market of sorts. Also Read - Asus ROG Phone 3: Here's how you can win the smartphone for free

When we approached Xiaomi they said it was an unfortunate situation, and they would request the companies to take down the listings. The company however revealed that they would honor the warranties of the devices bought off these websites. When quizzed about this scenario at the Mumbai launch event of the Redmi Note, Barra said, It’s just unfortunate economics.”

Users who have managed to get the device in their carts have posted ads on these site and are asking interested buyers to make an initial payment of Rs 999 or Rs 1,029, after which the device will be home delivered with the cash on delivery option. The device is selling on eBay India for as high as Rs 16,498. OLX and Quikr both have many ad listings of the Redmi Note going for as high as Rs 14,999. They are even looking for potential buyers on social media sites like Facebook and Twitter.

Redmi note in cart…if anyone wants, contact me… #RedmiNote #Flipkart

Rahul Arora (@RahulArora_) December 2, 2014

Paying Rs 500 to someone who got Redmi Note in his cart, to get the phone! So bleddy desperate I am! 🙂

Devakishor Soraisam (@devakishor) December 2, 2014

New REDMI NOTE available in my flipkart cart, INTRESTED CONTACT.. you can pay through cash on delivary Call me at: 08140085946.

Chandresh Prajapati (@HackerChandresh) December 2, 2014

Extra Redmi Note in the cart.. Anyone interested?

Ankur Singh (@BihariTweeter) December 2, 2014

Does anyone want Redmi Note.. Please contact ASAP.. I have one in my cart till 6 PM

Siddharth anand (@Siddharthan55) December 2, 2014

To recap on the specs, the Redmi Note flaunts a 5.5-inch HD (1280 720 pixels) IPS display with a pixel density of 267ppi, and Gorilla Glass 3 protection. It is powered by a 1.7GHz Mediatek MT6592 octa-core processor paired with 2GB of RAM.

The phablet features a 13-megapixel rear camera, a 5-megapixel front-facing camera, 8GB internal storage and 3,100mAh battery. Connectivity options include dual-SIM card slots, 3G support, Wi-Fi, Bluetooth, and on the software front it runs on Android 4.2 Jelly Bean wrapped under MIUI version 5.

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