Tue. May 21st, 2019

The company behind the dual-screen YotaPhone is bankrupt

The company behind the dual-screen YotaPhone is bankrupt

We’ve been following Russia’s YotaPhone since 2012, but it seems like the saga of the power-sipping E Ink-backed dual-screen handset has come to an end. Yota Devices is bankrupt, reports Cnews.ru and Liliputing, pointing to a liquidation notice published in the Cayman Islands Gazette (PDF).

According to Russian media reports, it was a lawsuit that eventually wound up bankrupting the company. Yota’s manufacturer for the first two YotaPhones, Hi-P Singapore, sued for $126 million back in 2015 because YotaPhone reportedly refused to take delivery (and presumably pay for) the minimum number of phones it agreed to order. (In 2016, The Financial Times reported that the first two YotaPhones only sold around…

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Source: https://www.theverge.com/2019/4/19/18508418/yota-devices-bankrupt-yotaphone

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