ibusinesslines.com
ibusinesslines.com July 20, 2018


Essential confirms $300M funding, Amazon and Best Buy retail availability

09 August 2017, 11:23 | Jodi Jackson

Adam Rowe @AdamRRowe

Adam Rowe			@AdamRRowe

The release date itself is still somewhat mysterious, however: Essential President Niccolo De Masi told the Wall Street Journal on Wednesday that it's still "a few weeks away", but said that the company will provide an exact date "in a week".

It turns out that the Amazon Alexa Fund and China-based Tencent Holdings have contributed the $300 million package.

Essential founder Andy Rubin at the Wired Business Conference this year.


The latest funding round, which was reported on in June but previously unconfirmed by the company, gives Essential a valuation of about $900 million to $1 billion. Essential hasn't said when the phone will launch, only noting yet again that it's due out "in a few weeks" and will be sold by Amazon and Best Buy. Since this delay, the company has not provided a timeline on when to expect the phone to be available to consumers, but promises to do so next week. But, even with its expanded war chest, the company will have a hard time trying to break into the highly competitive phone market, which is dominated by Samsung and Apple. All three images highlight the titanium frame and ceramic body in various machining stages. In the time since, the company has announced retail partners and exclusive carriers for each region, including Sprint in the USA and TELUS in Canada.

Along with the phone, Essential is also developing a smart-home hub.

So, if you didn't like hearing that the Essential phone will be an in-store carrier exclusive for Sprint, you'll at least have the option to buy an unlocked device from Amazon. Do you think it will have a significant impact on the U.S. smartphone market?



Other News

Trending Now

Bouchard shown door in Toronto
Canada, has liked what he has seen Andreescu, emphasizing that to play such matches on the centre court is part of his learning. Bouchard did not buy into that idea very much, saying, "I guess I'm relatively young, but I feel old in a way".

Gym owner posts vulgar sign to ban cops, military members from facility
The Atlanta Police Department told the station that the policy wouldn't prevent them from responding to an emergency at the gym. Jim Chambers, who owns EAV Barbell Club , told WXIA he stands by his message even though he took down the sign.

Intel is deploying a fleet of over 100 self-driving cars
With its EyeQ family of processors, Mobileye now claims 70 percent of the global market for obstacle detection chips and software. The first vehicles will hit the road later this year, and the fleet will eventually scale to more than 100 automobiles.

MLB, MLBPA announces creation of Players Weekend
Yes, even the Yankees will have names on the back of their pinstripe jerseys, throughout that weekend series against the Mariners. Meanwhile, the new-look Giants will be on display in Arizona against the Diamondbacks. "Anything we can do is pretty rewarding".

First PS4 system update 5.0 details
Expect 5.00 sometime in the near future alongside an overhauled PlayStation App that isn't quite as useless as it now is. This will allow each sub/child account to have different communication, content-viewing and spending limit privileges.

Dextera Surgical Inc. (DXTR) Shares Down 9% on Analyst Downgrade
TRADEMARK VIOLATION WARNING: This piece was first published by Stock Observer and is the property of of Stock Observer. The mean target of $0.55 should be compared with the price when the stock was languishing around $0.17 a share.

Newest Breath of the Wild Update Introduces New Way to Get Items
That experiment starts with a new channel for Breath of the Wild that promises to offer tips for exploring Hyrule. Nintendo has announced a new way of expanding Breath Of The Wild , via a new update going live tomorrow.