Essential, Andy Rubin’s start-up, would be for sale

According to unofficial sources, the startup created by the father of Android would seek a buyer and would have interrupted the development of his next smartphone.

According to Bloomberg information , Essential Products would be for sale. The start-up co-founded by Andy Rubin, considered the creator of the Android OS, would have charged the merchant bank Credit Suisse Group to find a buyer. At least one candidate would have expressed his interest. Pending the next events, Essential would have stopped the development of his next smartphone.

The young push did not confirm Bloomberg’s information, but Andy Rubin cracked a message on Twitter: “We still have several products in development at the same time and we choose to cancel a few in favor those who think of us will be more successful. We are focused on our future game-changing products, including mobile and home products. “

Essential Products raised $ 300 million from Amazon, Tencent and Foxconn. His first smartphone, the Essential Phone PH-1, released last August did not meet the expected success. According to IDC, there would have been only 88,000 copies in the last six months of 2017. According to a source quoted by Bloomberg, 150,000 PH-1 would have been sold to date. (Eureka Press) 

Leave a Comment