The owner of Ringing Bells, the Indian company that promised to launch a sub $5 smartphone for the masses has been arrested for defrauding distributors and not delivering on promises.
Ringing bells RSS
Ringing Bells said it would ship 200,000 units of its $4 smartphone this week - but it's shipped just 5,000, and says it may not deliver more unless the government can provide funding of $7.4 billion.
The Freedom 251 was unveiled in February amid a wave of doubt and confusion, but it will finally start shipping to buyers on June 30, although its manufacturer will make a loss on each unit sold.
It's amazing what you can get for under five bucks these days. In India, you'll soon be able to get a smartphone with a 4-inch qHD display, 1.3 GHz quad-core CPU, 8 GB storage (expandable) and more.
