The last time we heard from Coolpad was last month when it launched the Coolpad Cool 3 Plus in India. It shares a lot of its specs with the Coolpad Cool 9 which launched earlier in June in China. An internal memo has leaked revealing its plans for the rest of the year.
The memo which was addressed to Coolpad employees was written by the company’s CEO, Chen Jiajun. The top executive revealed in the memo that its performance overseas is improving. Its Coolpad Legacy smartphone actually received positive reviews in the US where it is sold by carriers like Metro and Boost Mobile.
He revealed that with the company back on track, they will launch new phones in September, focus on R&D and improving their position in the market, and also enter into the 5G market.
In the memo, Mr. Chen also called for the company to be united irrespective of the challenges they face. Coolpad has actually had a bit of a rough year which has led to some restructuring at the head.
At the beginning of the year, it removed the Vice-Chairman and CEO Jiang Chao, just a few days after he made an appearance at CES 2019. In April 2019, it announced it made a loss of HK$ 409 million for 2018 fiscal year, a significant reduction from 2017’s HK$ 2.67 billion loss. Coolpad also appointed a new head for its Indian arm in June.
The new Indian CEO, Fisher Yuan, who was the former Vice President of Sales and Supply released a statement saying they “plan to disrupt the Indian consumer market by making innovative technology available at extremely affordable price points”. He also said they will launch 5G-ready smartphones in India.
Based on the above statement, we expect some of the new products scheduled to launch in September in China will also find their way to India. We have no info regarding any of the upcoming smartphones but we hope the Coolpad N10 PRO is among the lineup. Following its appearance on the official website in June, we haven’t heard anything new about it.
(Via)
