In today's world, where the overwhelming competition can pummel you into submission, Andy Rubin must be proud that his company, which has announced the Essential Phone has been valued at more than $1 billion dollars. Ending all speculations behind the delay in shipments of Essential Phone, the company is now ready to commence dispatching the device to pre-registered customers.
A Bloomberg columnist by the name of Tim Culpan states that for approximately 0.25 percent of the company, Foxconn's FIH mobile filing details a $3 million investment. As The Verge points out, previous estimations put Essential's worth at around the $997 million mark. This is good news for Essential, particularly as the company approaches the launch of its first product.More news: North Korea tensions continue to weigh on global stocks
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Andy Rubin, the founder of Android, took the tech world by storm when he introduced his own smartphone, dubbed the Essential Phone, in May. Sprint is expected to start shipping the Essential Phone on August 18 as well, but the information hasn't been confirmed by the carrier yet. In terms of specifications, the phone sports 5.71-inch edge-to-edge display, Snapdragon 835 chipset, 4GB of RAM and 128GB of internal storage.