[ad_1]
We've been following Russia's YotaPhone since 2012, but it looks like the saga of the E-Ink dual-screen combo has come to an end. Yota Devices is bankrupt, find out Cnews.ru and Liliputing, indicating a notice of liquidation published Gazette of the Cayman Islands (PDF)
According to the Russian media, this is a legal action that eventually put the company out of business. Hi-P Singapore, the maker of Yota for the first two YotaPhones, sued for $ 126 million in 2015 because YotaPhone reportedly refused to take delivery (and probably pay) the minimum number of phones that he had agreed to order. (In 2016, The Financial Times reported that the first two YotaPhones had sold only about 75,000 units.) Hi-P had agreed to take $ 17 million instead, but this deal apparently failed.
In fact, the YotaPhone has not been as relevant in the West, or even Russia, in recent years. The company did not ship the YotaPhone 2 to the United States in 2015, despite exceeding its Indiegogo crowdfunding target. At the end of 2016, she also decided to withdraw from the United Kingdom and Russia, concentrating instead on China.
With Chinese factories and Chinese investments, Yota would have apparently never sold that last YotaPhone 3 in China, despite the promises that it would also have been made in Russia and in other markets.
We will probably never see another YotaPhone. But if you are interested in a multi-screen handset, a new wave of foldable devices could fill that hole in your heart.
Source link
