Andy Rubin, the father of Android, founded the essential mobile phone company in 2015. Its first generation of essential phone was very concerned by all parties since it was released. After all, Andy Rubin is credited with Android. Father, people believe that his excavation of the system will be even better.
According to informed sources, the research and development cost of Essential's first smartphone is 100 million U.S. dollars, which is about one third of financing.
However, Bloomberg News quoted sources as saying that Essential Products was preparing to sell and cancelled the development of new smartphones. The news also stated that Essential Products has hired Credit Suisse Group AG to provide sales related consulting services, while Essential Products Also by many buyers of all ages.
Before this news came out, Essential Products had raised about 300 million U.S. dollars from investors such as Amazon, Tencent and Reddot Investments. The valuation was between 9 and 1 billion U.S. dollars a year ago. Foxconn is also an investor of Essential. 1. The Essential phone is assembled at Foxconn's factory.
Now Essential focuses its negotiations on the sale of the entire company, including patents, hardware products (initially mobile phones, collocation cameras and upcoming smart home products), and the talent they have acquired from companies such as Apple and Google. Within range.