Advertisement
trendingNowenglish2024011https://zeenews.india.com/technology/luxury-phone-maker-vertu-find-no-buyers-for-its-high-end-devices-2024011.html

Luxury phone-maker Vertu find no buyers for its high-end devices

Vertu phones carry hefty price tags and one model featuring 18-carat red gold could cost as much as $46,600.

London: Britain-based luxury phone-maker Vertu, which rolled out jewel encrusted smartphones costing as much as $46,600 is not finding buyers for its devices, setting the stage for its collapse, the media reported.


The company recently faced financial difficulties and will be liquidated after a plan to save it failed, BBC reported.

Nearly 200 jobs will be lost as a result of the company`s liquidation.

"Well it`s gone into liquidation and I`m not being paid by them any more," a spokesman for the firm was quoted as saying.

Vertu phones carry hefty price tags and one model featuring 18-carat red gold could cost as much as $46,600.

Vertu was founded by Nokia in 1998, but it was sold in 2012. The following year, Vertu switched from using Nokia`s Symbian operating system to Google`s Android.

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

NEWS ON ONE CLICK