Freedom 251 Director Mohit Goel Says Ringing Bells Will Make $0.45 Profit on Each Freedom 251 Phone.
Ringing Bells, small mobile manufacturer came to light after it launched world’s cheapest smartphone at just $4. The company claimed that number of orders for Freedom 251 has crossed over 7 Crore. The Company’s director said that it will make Rs 31 profit on every Freedom251 device sold.
He also Explained “We will also monetize from the heavy traffic on our website and will make it into a marketplace for other brands to hop on. This will also help us to bring down the cost,”
The company is also talking to large e-commerce companies, such as travel website Goibibo, to get their apps on the devices. “We will also monetize from the heavy traffic on our website and will make it into a marketplace for other brands to hop on. This will also help us to bring down the cost.”
Freedom 251 was launched at the price of R.s 251 ($4) at a high profile event held at New Delhi. This phone got fame in no time, however it also got negative reviews which included copyright infringement, misguiding people, not approved to government, delivery time. Also, BJP’s MP labelled this company as ‘ponzi bogus company scam’.
The Company’s director, Mohit Goel said that it will make Rs 31 profit on every Freedom 251 device. Goel also discussed about how the Ringing Bells has became a victim of different controversies since it launched world’s cheapest smartphone.
Goel also refuted the claims that company is dubious. He has assured that it will start delivering Freedom 251 devices from April 15.
In an interview to TOI, Goel sad “Why am I being hounded? What wrong have I done? Why am I being called a ‘bhagora’ (who’ll run away with the money)? I intend to do a valid business, just like any other startup, and I have a business plan ready,”