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Meaning amazon is sleeping. They haven’t even announced the sale dates yet 
69999?
49,999?
It’s the marketing that counts. If the marketing is dull then people will assume that Flipkart may have better deals so let’s wait. And no one will buy from GIS.
It will come in a flash sale so whatever price it gonna be , very limited people will get it.
Last year iPhone X came at 12:00:00 AM and sold out at 12:00:20 AM. So don’t keep any expectations from FK.
Flipkart is infamous for such flash sale. This way it made famous Xiaomi Phones in India.
FK intention is not to offer iPhone11 pro in 50K or 70K but to grab high number of visitors on sites.
Recently, FK played game of Hotstar premium and got tremendous traffic to the site so expect something like that in BBD also.
You are right
9999?
In that not even 1st copy is possible… 
Hum se na ho paayega.
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Flipkart is really on fire.