Gionee today teased that it will be launching two new smartphones in the Indian market which go on sale exclusively via e-commerce platform Flipkart. The company has been silent for a while with the last devices from the company Gionee F205 and S11 Lite launched back seven months ago. The company is rumoured to be at the verge of bankruptcy and that its CEO lost over $1 billion in gambling.
As for the device, the new Gionee devices are said to feature FullView HD+ displays and flaunt a beautiful design along with a great camera all within a budget price tag which is understandable as the company would not likely risk by stepping into the competitive premium smartphone market.
Other features include two variants with 2GB and 4GB RAM and a 256GB expandable storage. The upcoming smartphones may also sport a dual front camera setup of 8MP + 5MP along with autofocus and Face Unlock feature. The rear will sport a dual camera setup as well. The teasers point to an Octa core Snapdragon chipset powering the handsets.
Also, reports state that the former Gionee CEO Arvind Vohra and Pardeep Jain, the promoter of Karbonn Mobile has agreed to take 75% of Gionee’s stake in India. The reports further mention that the Indian Partner will get over ’10 years right to use the Gionee brand.’ Rumours put the deal to be worth Rs 200-250 crore along with the new brand getting the authority to operate Gionee, which is worth 125 crore.
Gionee has been reported to be facing financial deficit in China and may soon file for bankruptcy. The brand failed to pay its financial creditors, numbering around 400 suppliers, along with the marketing films which is likely the reason for its insolvency. Gionee, which once had a great success in the Chinese and the Indian markets, has now only half the human resource capacity from its factories.