Despite a multimillion-dollar losses incurred by Yota Devices, the company is preparing to release the third version of the YotaPhone.
The Device will appear in retail in 2017. It is expected that the new gadget will be operationally profitable.
According to the data presented by China Baoli Technologies, for 5 months, the losses amounted to 7.8 million dollars.
According to Catherine Lapshin, General Director of Marsfield (the management of Yota Devices), the company and its shareholders have invested significant funds in development, technology, channels of promotion and sales, logistics, customer assistance center. Due to which the losses arose. The investment will reduce the cost YotaPhone 3.