This one was one messed up scheme right from the beginning.
Ringing Bells -makers of the 'world’s cheapest smartphone', who recently announced a release date after months of controversy, have now asked the Narendra Modi govt for Rs 50,000 crore ($7.5 billion), so it can deliver on its promise to provide cheap smartphones in India.
"In order to digitally empower every Indian, if I can get government support under the Digital India programme, I can ensure timely delivery of ‘Freedom 251’ phone to all citizens at the same price," Ringing Bells CEO Mohit Goel said on July 6.
Goel who had earlier said that they are ready with nearly 2 lakh ‘Freedom 251’ handsets and will start delivery from June 30, now says that his company is losing money.
According to him, it costs Rs 1,180 to make his phone. While he says he can recover Rs 700 to Rs 800 per handset from app developers, the company will still lose between Rs180 and Rs 270 on each phone.
Who are these app developers, and what's the logic behind these numbers, is something he did not reveal.
Interestingly, he has also announced the world’s cheapest 32-inch high-definition LED television -also called "Freedom".