Xiaomi’s India branch is offering discounts as fast as Manu Kumar Jain can tweet about them. The one that caught our attention is this Pocophone F1 buyback program. The attention-grabbing headline is that it drops the cost of ownership to INR 5,800 – $78/€68. That’s insane, yes, but there’s a catch.
You go and buy the phone from Flipkart at the (almost) full price of INR 21,000 (a small discount is applied). Then, in 6-8 months when the new Pocophone becomes available, Flipkart will buy your old model for INR 14,700. That’s for the 6/64GB model. Here’s another look at the math in tabular…