Yota –  a dual display smartphone manufacturer, goes bankrupt as declared the Cayman Islands Supreme Court in a recent ruling. According to the local newspaper, Cayman Islands Gazette, Yota requested for liquidation per local laws a few days ago.

The court appointed FTI Consulting employees – David Griffin and Joshua James Taylor as the Joint Official Liquidators of the company. Yota creditors have 21 days to establish any title they may have under the Companies Law. Failing to comply with the order within the given time, the creditors will be excluded from any benefit or distribution made.

Hi-P Electronics, a Singaporean company and display supplier of Yota Phone also filed a lawsuit against the company for not fulfilling the subscription contract. After the initial settlement of $17 million, the Hi-P electronics still cites non-settlement of claims.

Yota Phone was established in 2011 to develop new generation modems, routers, smartphones. It was developed by the Russian telecommunications company Скартел and is licensed under the Yota trademark. They partnered with various companies to supply its network equipment before testing their hands in the smartphone market. The company’s Yota Phone – dual displays smartphone gave wings to Yota’s smartphone division. Later, Yota announced some more smartphones but failed to keep with the users’ aspirations.

• Read More: YotaPhone 3 is Official with $360 Pricing; Features Like Dual Screens, SD 625, 4 GB RAM

With a stake of over 50%, the Chinese Consortium including Trinity World Management and China Baoli has a controlling stake. Precisely, the Chinese Consortium holds more than 50% stake whereas the Telconet (company’s initial majority shareholder with 64.9% stake back in 2013) still has a stake of around 34.9%.

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Yota came into the limelight when it announced the Yotaphone prototype in 2012 which was heralded as the world’s first dual-screen smartphone. The device featured a secondary display located at the rear which uses e-ink and stays on permanently. The Yotaphone 2 took over the reins in 2014 with improved specs and a similar e-ink display. The Yotaphone 3 has also been announced earlier this year by the company with some of its specs already out in the open except for e retail price. Now, the Yotaphone 3 price tags have been listed on the company’s official website in China.

According to the listing, the Yotaphone 3 will come in two storage variants and two colours. There will be a 64GB storage variant and a higher 128GB variant and both versions will be available in White and Black. In both instances, the Black variant is 100 Yuan higher than the white variant. Specifically, the 64GB White version comes in at 2,398 Yuan (~$360) while the black one will cost 2,498 Yuan (around $375). However, there is no word yet on when the device will go on sale since the links show there is no stock yet.

On the other hand, the higher-end version with 128GB storage costs 3,098 Yuan (around $465) for the one with a white paintjob and 3,198 Yuan (around $480) for the black colored models.

Read More: Yotaphone 2 Review – Amazing Budget Smartphone for just $120!

Apart from packing a similar secondary display on previous models, the Yota 3 sports a 5.5-inch Full HD AMOLED display at the front and a 5.2-inch E-ink display at the rear. The device is powered by a Snapdragon 625 processor (so many mid-range phones with SD 625, what happened to SD 660?). The processor is backed by 4GB of RAM and as stated there is a 64GB storage and 128GB storage variant. Both variants have space for microSD card. Keeping the lights on will be a 3200mAh battery while the photography aspect is piloted by a 13MP front camera and 12MP rear camera. The phone comes with USB Type-C port.

(source)

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The YotaPhone 3 has been spotted on GFXBench’s database, revealing the device’s model number as Yota Y3. The benchmark has confirmed previous rumors of the YotaPhone 3’s specifications; this includes: a Qualcomm Snapdragon processor and running Android 7.1.1 (Nougat). Unlike my previous article, it appears that YotaPhone 3 will be sticking to a 5-inch display, like its predecessor, instead of the rumored 5.2-inch and 5.5-inch displays. We will be staying tuned to provide more details to confirm whether Yota will be providing any other display alternatives, however, variants are expected to be unlikely.

Confirmed from the benchmark, the device will be sporting 4GB RAM and have a minimum 64GB internal storage, note: 51GB will be available to the user. We also know that Yota has confirmed they will be providing a second, larger storage, device at 128GB. The Qualcomm processor is expected to a Snapdragon 625, this has been concluded from the system-on-chip makeup, containing eight ARM Cortex-A53 CPU cores clocked up to 2.0GHz paired with an Adreno 506 graphics processor. We also know that the YotaPhone 3 will feature a rear-facing 12-megapixel camera supporting 4K (3840 x 2160) video recording, High Dynamic Range (HDR) photos, face detection, and autofocus. For selfies, the device will come with a 12-megapixel front-facing camera.

In terms of sensors and connectivity, the YotaPhone 3 will have a gyroscope, a compass, accelerometer, Bluetooth and GPS connectivity, but lacks NFC. What key component we are missing from the GFXBench is the specification of the secondary e-ink display that will come with the YotaPhone 3, however, we expect Yota will be sticking to a 5.2-inch E-ink display with 1280 x 720 resolution, like its predecessor. Other features we’d be expecting is a front-facing fingerprint sensor and powered by a 3,200mAh battery. Note: This is speculated.

In terms of release and availability, the YotaPhone 3 is rumored to officially be launched and available for preorder this summer. The source states a Russian manufacturer confirmed the prices smartphones’ launch prices, ranging from $350 for the 64GB model to $450 for the 128GB model.

What do you think about the GFXBench’s publication of YotaPhone 3’s specification?

(via)

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The YotaPhone is a loved smartphone for consumers who prefer a dual screen set up, where the phone provides an always-on screen using E-Ink technology.

A long-awaited announcement had arrived in Harbin’s China-Russia Expo over the weekend. Baoli Yota, a joint venture created between investor, Baoli and manufacturer, Coolpad had teased their fans and audience of the upcoming YotaPhone 3, close to four years since the YotaPhone 3’s predecessor’s launch.

A certain date has not been set, however, the presenters did provide a period, set at early fall later this. According to the source, YotaPhone 3 has been confirmed to come in storage options, 64GB and 128GB for prices at $350 and $450, respectively.

In terms of other specifications, the YotaPhone 3 will feature a larger primary 5.5-inch AMOLED display at 1080p, with its secondary rear-facing display sizing at 5.2-inches, 720p and keeping the E-Ink technology.

There have been reports of a fingerprint sensor positioned at the front of the smartphone, a security feature expected to found on all major of flagships to date.

The YotaPhone 3 will be powered by an underwhelming mid-tier Snapdragon 625 CPU, which we have found quite surprising since its predecessor were traditionally powered by the highest end of CPUs that were available at the time. The CPU is paired with a respectable 4GB RAM.

Other features include a 12-megapixel rear camera with dual flash, a 13-megapixel selfie shooter, and 3,200 mAh battery. The YotaPhone 3 will have a USB-C port, which will also serve as an audio output for headphones, yes, they removed the 3.5mm headphone jack. The YotaPhone 3 will be run with Android Nougat.

Although the YotaPhone 3 has provided more up-to-date features such as a fingerprint sensor and USB-C, we feel that the overall phone has been an underwhelming teaser. The specs of the device appear reasonable currently, however, the device will appear obsolete sooner than later by the end of this year.

What are your thoughts on the YotaPhone 3? Do you think the company has made an underwhelming presentation? Share your thoughts and comments down below.

(Source)

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YotaPhone 2 is a phone with dual screen. It has a normal display on front and an e-ink display on the back. The phone is made by Yota, a Russian company  and it has been successful in many countries so far. Finally the Yotaphone 2 will be releasing in China, as the phone just passed TENAA.

The Yotaphone 2 is equipped with a Snapdragon 800 processor, with 5 inches 1080p display (back e-ink screen is 4.7 inches), built-in 2GB of RAM and 16GB of storage space body. It comes with a 2.0 megapixel front camera and a 13MegaPixel rear camera and runs on Android 4.4 system.

Currently we have no idea about its cost but we don’t think Yota will try to compete with the prices of the existing Chinese OEMs like Xiaomi.

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