#Freedom251: Its too good to believe
Every news paper of this morning was full of advertisement of #Freedom251 promoting a phone for just Rs. 251+40 (delivery charges) i.e. Rs.291. They claim to provide following features of a smartphone.The phone comes with a 4.00-inch touchscreen display with a resolution of 540 pixels by 960 pixels
The Ringing Bells #Freedom 251 is powered by 1.3GHz quad-core and it comes with 1GB of RAM. The phone packs 8GB of internal storage that can be expanded up to 32GB via a microSD card. As far as the cameras are concerned, the Ringing Bells Freedom 251 packs a 3.2-megapixel primary camera on the rear and a 0.3-megapixel front shooter for selfies.
The Ringing Bells #Freedom 251 runs Android 5.1 and is powered by a 1450mAh removable battery.
The Ringing Bells #Freedom 251 is a single SIM (GSM) smartphone. Connectivity options include Wi-Fi, Bluetooth, FM. Sensors on the phone include Proximity sensor.
#Freedom 251 got a bumper response from people and this phone get viral on internet. If you will type free on Google it will be the first to appear. #Freedom 251 got such an overwhelming response that they have to stop sale for 24 hours after getting 6 lac orders Phone will be delivered in June.
But such a low price has raised doubt in mind of experts as it is almost impossible to deliver such standard of product in that low price.
Some expert have given the following statistics of #freedom 251
Statistics of phone #freedom251.
291rs 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
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.
CA Shafaly Girdharwal
CA
New Delhi, India
CA Shaifaly Girdharwal is a GST consultant, Author, Trainer and a famous You tuber. She has taken many seminars on various topics of GST. She is Partner at Ashu Dalmia & Associates and heading the Indirect Tax department. She has authored a book on GST published by Taxmann.
