Freedom 251, dubbed as the world’s cheapest mobile phone with an astounding price tag of INR 251, is back in the limelight.
The Noida based maker of Freedom 251, has been at the receiving end from media and customers due to issues of overbooking as well as potentially misleading customers with its overpromising features.
“We will start delivery of 5,000 Freedom 251 phones in the first phase in online and offline mode from tomorrow,” Ringing Bells Director Mohit Goel said, while unveiling company’s other products i.e. LED TV.
According to IANS, there were over 75 million registrations and the company selected first batch recipients on the basis of a draw of lots, informed Mohit.
“The cash will be paid by customers only on delivery of Freedom 251.”
Goel further informed that the company faced Rs 930 loss on each handset of Freedom 251, which cost Rs 1,180, as parts were imported from Taiwan.
“I recovered Rs 700-800 from app developers and revenue generated through advertisements on Freedom 251 website. After selling the device for Rs 251 (cash on delivery), the total loss per handset is expected to be in the range of Rs 180-270,” said Goel.
Copyright Business Recorder, 2016
Courtesy : BRecorder