Yotaphone files for bankruptcy

Possibly some of you have heard the name Yotaphone on occasion. It is a brand that became known for its smartphones with electronic ink panel. An innovative device, which could be of interest. Although soon, the company was forgotten and we had years without hearing anything about it. Until now, its end is announced.

Yotaphone files for bankruptcy

Because the company has already declared bankruptcy. In this case it has been the Supreme Court of the Cayman Islands that has declared the company bankrupt. The firm's debts reached millions of dollars.

Goodbye to Yotaphone

It seems years ago that a Singapore company called Hi-P Electronics sued Yotaphone for $ 126 million. In these years there have been some negotiations between the two parties, which have not come to fruition. So, finally, the company has been declared bankrupt, so that its end has already come officially. Although in part we should not be surprised, due to poor sales of their phones.

There were two brand smartphones, which barely managed to sell 75, 000 units worldwide. There came to be a third version, which was released only in China. But, like the other two, it went unnoticed in the market.

Without a doubt, Yotaphone will not be the first company of this type that ends up having to lower the blind. The company has not issued any statement in this regard. But his bankruptcy is already official.

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