Home News The Producer of the Dual-Screen YotaPhone Goes Bankrupt

The Producer of the Dual-Screen YotaPhone Goes Bankrupt

Before any semblance of Samsung could put two displays onto one single smartphone, Russian company Yota endeavored to do the same as far back as December 2012 with the release of the YotaPhone, a device that had an LCD display as its essential display and an e-ink display on the opposite side as its optional display.

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The device positively was a new interpretation of what smartphones could accomplish, yet it just received as much consideration as first generation devices from lesser known brands do. Yota followed up on the dual display idea with the release of YotaPhone 2, and after that the YotaPhone 3 which was a later as August 2017.

Sadly, dual-screen phones did not get extravagant of consumers in any real manner. Other OEMs have started trying different things with this thought, however, it gives off an impression of being the stopping point for Yota as the company has been declared bankrupt. The Supreme Court of the Cayman Islands, where Yota was enrolled, has announced the company bankrupt. FTI Consulting’s have been appointed as official liquidators of the company.

The procedures for bankruptcy were documented by Singapore-based producers Hi-p Electronics, the company which provided displays for the first two generations of the YotaPhone. Both the companies were under debate for a couple of reasons, one of which was Yota’s inability to fulfill least order obligations for components, which essentially implies that the device did not sell just as well the company had first hoped it would.

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Dual display phones could make a rebound with foldable phones, but even Samsung Galaxy Fold is having its own problems. With what Samsung is confronting, and how ineffectively phones from Yota have performed, it is improbable that OEMs will indicate too much enthusiasm in this form factor. Just those with the stomach for misfortune can take up this challenge.