Original cost of phone is Rs.800 and launched in 2012 by a unknown android phone developing company from Korea. Same specifications.
Now Freedom 251 costs like Rs. 291 per phone. (251+40rs shipping)
x 6L order per second
= 17.46 cr
It was taking order till 12.15pm approx
I.e 6 hrs and 15 min which is 22,500 seconds
17.46 cr per sec x 22,500 sec
= 3,92,850 cr
3,88,494 cr was turnover of reliance industries in year 2014-15
That means within 6 hrs 15min they crossed turnover of reliance
Within 6 second tax audit become applicable to that company
And if we calculate interest on the said amount per day
3,92,850 cr x 4% x 1/365 (by taking minimum interest rate)
= 43.05 cr
And if after 4 months they will say we are unable to give product and refund 291rs to everyone
43.05 cr x 120 days approx
= 5,166 cr
They will earn within 4 months by way of interest
Now you will say about their promotion cost
Deduct 50L,1 cr, 5 cr or even 50 cr, that will not make much difference to the figure
Now don't ask how gvt gives permission!
It's common sense to think how could just 6 months old company who never manufactured any mobile phone could become genius over night and manufacturd world's cheapest phone at Rs.251! When lithium ion battery itself cost more then phone cost (will it not blast on charging). What about radiation intensity, how safe is its technical specs! Think once...
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