LeTV Senior VP Feng Xing has revealed an important sales milestone of the company. He announced via his Weibo account that LeTV has sold more than 3 million LeTV 1S units in more than two months after its release. For a company, that managed to sell about 4 million smartphones in all in 2015, this is actually a great achievement.

When the company had revealed the sales figure for the year 2015, we knew a majority of the units shipped would have been the budget LeTV 1S model. Now, looking at this 3 million figure, we are even more convinced that the LeTV 1S was actually the company’s best selling model. Feng Xing also praised Compal Electronics for helping them achieve this milestone. It was their production line that managed to churn out over 3 million units in a matter of two months.

For a well-established smartphone manufacturer, this figure is actually not that big. But for a company that started selling smartphone just seven to eight months back, reaching such a sales figure is commendable.

However, it also shows how much the company depends on the budget 1S for its sales. From what we can see, the rest of the models like the LeTV One, One Pro and One Max could only sell over a million units last year.

Moreover, LeTV had said that it is selling the 1S at a loss (ie. at $173 instead of the cost price of $206) which means for every unit sold, it would incur a loss of about $33. Given that the company sold over 3 million units till now, every day it could be making a loss close to a million. Let’s do the math here, the company could be selling more than 30,000 units a day (conservatively considering a 3 month period), which takes the loss to more than $990,000 a day!

It’s really interesting to see how the company is surviving with such loss!

The post LeTV 1S Sales Exceed 3 Million In The First Two Months After Release appeared first on Gizmochina.

Just a couple of hours back we heard that Xiaomi Mi TV 3 was sold out in just 5 seconds. If you thought you were impressed with that figure, then take a look at LeTV. The company has just revealed that it sold over 550,000 LeTV 1S models within an hour!

The company had made 300,000 units available for purchase today. However, in under an hour, all the units were sold out. Further, the company continued to accept pre-orders for the device, which took the total to a staggering 550,000 sales within an hour. 

This particular company who just entered the smartphone industry has become one of the fastest smartphone companies in the world. With its premium smartphones priced aggressively, LeTV smartphones are known for their value for money quotient. The recently announced LeTV 1S is the best example of this.

After announcing the device back on October 27, the phone was finally available for purchase to customers today at 10 AM on JD.com. Given its great specs for just 1099 Yuan, its no surprise the company managed to sell so many units in just an hour.

The LeTV 1S features MT6795T octa-core chip clocked at 2.2GHz with 3GB RAM and 32GB of storage and 5.5-inch FHD 1080p display. At the back, there is a 13MP camera while up front, you will find a 5MP shooter. The 3000mAh battery with USB Type-C supporting fast charge up to 24W makes sure that the phone is capable of lasting for more than a day. Further, there’s fingerprint recognition along with the metal body making the overal package quite attractive for its 1099 Yuan ~ $173 USD price tag.

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Just yesterday we came across the leaked back panel of an upcoming LeTV model. Now, we have spotted yet another LeTV smartphone with the model number X500. This particular model, most likely called as the LeTV 1S will be the upgraded version of the LeTV One that was announced back in April. As a result, the company might replace the old one with the X500, keeping a similar price tag to attract customers.

The specifications are said to be quite similar to the LeTV One. According to the AnTuTu benchmark listing, the phone will run on the octa-core Mediatek Helio X10 chipset. In case you remember, this is the same chip that powers the super cheap Xiaomi Redmi 2. There will be 3GB of RAM on board along with 32GB of storage. As for the display, you can expect the same 5.5-inch 1080p FHD panel on this new device. At the back, there will be a 13MP camera while up front, expect a 5MP shooter. For software, the phone is said to run on the Android 5.0.1 Lollipop platform with the company’s own skin on top.

The listing shows that the phone managed to score about 45,000 on AnTuTu. Unfortunately, we still have no idea about the pricing of the LeTV X500 1S. If the company wishes to price it around the 999 Yuan mark (to compete with the Redmi Note 2), then the only upgrade we can expect is the fingerprint sensor. Also, you may see the memory cut down to 2GB. This coupled with the beautiful built quality will give it an edge over competitors.

Another possibility is that the company could upgrade a few more things along with fingerprint ID and price it at 1499 Yuan. Following the launch, LeTV can reduce the pricetag of the original ‘One’ to 999 Yuan. So, the company essentially will have a cheaper option to compete with the Redmi Note 2 as well as a better specced version to compete with the likes of the Xiaomi Mi4C that’s coming on September 22.

Anyways, we will have to wait and see what LeTV plans to do with the new LeTV 1S X500 in the coming weeks.

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