The Company Yota Devices Behind The Dual-screen Mobile Phone From Russia Have Gone Bankrupt

Beijing time 2019-04-23 news, China touch screen network news, Russia's dual-screen mobile phone manufacturer Yota Devices closed down. Remember YotaPhone, a dual-screen phone from Russia, but the company Yota Devices behind it have gone bankrupt. According to Cnews.ru and Liliputing, the company issued a liquidation notice on the Payman Islands Magazine (PDF.
According to reports, a lawsuit broke down the Russian mobile phone company. Yota Devices's first two generations of YotaPhone manufacturer Hi-P Singapore sued the company for $0.126 billion in 2015, saying it refused to receive the minimum number of mobile phones it had agreed to order. Hi-P Singapore has agreed to charge $17 million, but obviously the deal failed.
Although it has exceeded the Indiegogo crowdfunding target, Yota failed to ship YotaPhone 2 to the United States in 2015. At the end of 2016, the company decided to withdraw from the Russian and European markets and turn its business focus to China.
After getting investment from Chinese companies, Yota Devices only sold Yota 3, which won the 2018 iF Design Award in China, which was not launched in Russia and other markets.
The dual-screen mobile phone is gone. It's time to look at the foldable mobile phone. However, Samsung's recent troubles have made people worry about the quality of folding mobile phones in the early stage.