Wednesday, April 14, 2021
Techiexpert.com
No Result
View All Result
  • Login
  • Register
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging
Techiexpert.com
No Result
View All Result

Trouble for world’s cheapest phone makers even before first delivery

Kirti Sharma by Kirti Sharma
July 4, 2016
in Tech news
Reading Time: 2 mins read
A A
0
Indian startup Ringing Bells to ship $4 smartphone from this week
11
SHARES
158
VIEWS
Share on FacebookShare on Twitter

It was only recently we informed our readers about how the fascinating and much controversial $4 Smartphone from Indian Startup Ringing Bells is going to be out in the market this week. But, now we hear there’s trouble in the Ringing Bells paradise itself and the much-awaited phone will most probably not able to make to its this week’s deadline.

Having opened the pre-booking for Freedom 251 at a super attractive price of Rs. 251, the company received a phenomenal response. But, despite all this the company failed to source the much awaited phones at the promised sale price, thus having to forcefully sell the phones at a huge loss of more than Rs. 900 per phone. This particular fact is in massive contradiction to the company’s earlier claims of making a profit of Rs. 31 per unit.

And, now it seems these money troubles has weakened the ties of the top officials at the management level. Apparently, Ashok Chadha, who has been the face of Ringing Bells since its very inception in February this year, has left the company hanging midway in the lurch.

According to sources, Chadha had a heated session with promoter Mohit Goel over the company’s financial matters after which he decided to call it a day. But, Chadha has a very different story to tell. According to him, he was never an internal part of the Ringing Bells company and was just providing his services as a consultant.

ADVERTISEMENT

The current situation of Ringing Bells is not at all good. According to sources, the company is currently in the midst of a big financial puddle and is desperately on a lookout for investors who will be able to fund the firm’s procurement plans.

Company insiders reveal that procurement cost per unit is around Rs 1200, which means the firm is currently facing a loss of around Rs 950 on each device.

Whether the bells of Ringing Bells phones ring in the future or not, is something we will have to wait and watch.

 

Tags: India StartupRinging BellsSmartphonesStartup News
Share4Tweet3Share1Pin1
Kirti Sharma

Kirti Sharma

A technology and Bollywood junkie, she is always ready with her iPhone to jot down her ideas wherever and whenever she can. Have something to share? Shoot an email to her at skirti100@yahoo.co.in

Related Posts

Methods to Protect Yourself and Your Macbook
Tech news

Great MacBook Tips for New Owners

by Sony T
April 13, 2021
6 Most Enticing Work management Apps in 2021
Tech news

6 Most Enticing Work management Apps in 2021

by Sony T
April 12, 2021
Microsoft Teams is coming under Government Community Cloud
Tech news

COVID accelerated a push to the Microsoft cloud. Top reason: Microsoft Teams — ShareGate Report

by Srikanth
April 10, 2021
Microsoft new gaming device powered by Azure
Tech news

Digitate’s ignio™ AIOps For Azure Now Available in the Microsoft Azure Marketplace

by Srikanth
April 8, 2021
Four Practical Applications Of Artificial Intelligence And 5G
Tech news

Four Practical Applications Of Artificial Intelligence And 5G

by Srikanth
April 7, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Latest Stories

What is model risk management?
Big Data

What is model risk management?

by Srikanth
April 13, 2021
Methods to Protect Yourself and Your Macbook
Tech news

Great MacBook Tips for New Owners

by Sony T
April 13, 2021
6 Most Enticing Work management Apps in 2021
Tech news

6 Most Enticing Work management Apps in 2021

by Sony T
April 12, 2021
How to get started with AIOps?
Artificial Intelligence

How to get started with AIOps?

by Srikanth
April 11, 2021
Load More
Techiexpert.com

© 2020 All Rights Reserved

  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging

© 2020 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Newsletter ?

What is Expected ?

  • Newsletter
  • eBooks
  • Tech Reports
  • Infographic
  • Webinar
  • Event Tickets
We would like to show you notifications for the latest news and updates.
Dismiss
Allow Notifications