A very big name in smartphone industry "VERTU" is counting its last days this time. Aftr facing low sell in the apple & samsung market finally 'VERTU' management has decided to shut down company or liquidise in other big company.
This comoany had sold luxury overpriced smartphone in past few years. These UK Handmade Smartphone consists expensive leather and metals with ruby button staring price over $9k to $20k
Because of too expensive smartphones company never saw noticeable sell in its growth journey. This leds to unpaid debts of £138 which forced company to shuts down its all doors.
This company always looked at their smartphone by the point of luxury itself. They were providing smatphone with normal specs which we get in smartphone of $200-500.
Why would anybody purchase such smartphone for $9000.
'Uzan' who acquired 'Vertu' 4months ago tried to settle is all debts in £1.9 but failed. As creditors declined support company decided to invest in TLC, the makers of blackberry and failed again.
'Vertu' now has its own 200 employees which are being laid off but company has decided to retain its tech license & design.
A company which is founded by our favourite "NOKIA" counting its last days now. Its like Nokia lost its arm. Lets see who will be the king of luxury smartphones after "VERTU" as apple rumoured about its upcoming gold flux edition.
Thanks. Steem on.