In what has been dubbed as a ponzi scheme, Ringing Bells, the company that launched
world’s cheapest smartphone in India priced as Rs. 251 ($4 approx), is ready to deliver
the smartphone to its customers from June 30.
Despite all apprehensions, the company is ready to ship nearly 2 lakh smartphones this week and the registration for the second batch will begin as soon as the delivery for the first phase ends.
“We are ready with nearly two lakh ‘Freedom 251′ handsets. We will start delivery from June 30,” Founder and CEO of Ringing Bells Mohit Goel said in a statement.
According to Goel, he is facing a loss of Rs 140-Rs 150 per unit, but hopes to make profit on volumes. “We will have a loss, but I am happy that the dream of connecting rural and poor Indians as part of the ‘Digital India’ and ‘Make in India’ initiatives has been fulfilled with ‘Freedom 251′,” Goel said.
Freedom 251 is powered by a 1.3GHz quad-core processor and Android 5.1 (Lollipop). The smartphone has 1GB RAM and 8GB internal memory, which is expandable up to 32GB.
The smartphone comes with an 8MP primary camera, 3.2MP front camera and a 1,800 mAh battery.