Luxury phone maker, 8848, has announced a new phone called the 8848 Titanium M3 with a starting price of 9999 Yuan ($1493)!!!

The founder of the company, Du Ying says the company’s aim is to make secure and high-taste phones for business folks. He also mentioned that a sale of 100,000 units a year is a win for the company.

The M3 is made of hand polished titanium, sapphire glass, high- tech ceramic, and calfskin from Netherlands. It has a 5” FHD screen, 4GB of RAM, 128GB of built-in storage, a 21MP rear camera, 3MP front facing camera, and an unspecified octa-core snapdragon processor. The phone also has full network support.

On the software side, the phone’s encryption prevents calls from being traced; mobile banking is secure, and that the OS is ”isolated” from the call history, contacts, and messages.

This isn’t the first phone from the company which is sometimes referred to as Vertu of China; last year they released a model called the 8848 Ti Mobile.

The base version of the Titanium M3 has a price of 9999 Yuan ($1493), there is also a 12,999 Yuan ($1941) fashion edition, and a high-end version that costs 15,999 Yuan ($2389).

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