New Delhi: Nodia based Ringing Bell company’s Freedom 251 smartphone is not just the cheapest phone in the world but has also earned Rs 31 on each sale.
Talking to media, Mohit Goel, Director of Ringing Bells said that the company will not only deliver the phones at the low price quoted, but also make a profit of Rs 31 on each handset sold.
The company claims it has received over 7 crore registrations on its website since it started accepting applications on February 18. “We are taking online bookings for only 25 lakh units in the first batch due to limited supplies, while giving another 25 lakh through offline distributors. I will deliver the handsets before June 30. All the money that we receive from customers through the payment gateway will be kept in an escrow account and we will touch it only when we deliver the devices.” The company has an account with ICICI Bank.
