May 27, 2018

Essential Phone in 'mass production' as Amazon, Tencent add backing

10 August 2017, 12:22 | Camille Rivera

Amazon and Best Buy will be retail launch partners for Essential Phone

Amazon just backed the smartphone company created by the founder of Android

In a tweet on Wednesday, Rubin announced that the company was in "mass production" of its phone, and that additional information would be available next week.

There's no doubt that the Essential Phone will be a much-appreciated new face in the overcrowded smartphone market, but people's faith in Essential won't last forever without an actual product on the market.

It turns out that the Amazon Alexa Fund and China-based Tencent Holdings have contributed the $300 million package. He additionally confirms that the company will reveal an availability date sometime next week. Both players make sense: the Alexa Fund exists to promote the spread of its AI-powered assistant service and the Essential Home hub is said to work with multiple assistant services in the marketplace; Tencent - led by China's richest person and thorn in Alibaba's side, Pony Ma - is a giant tech player that moves money around between worldwide tech startups. In the time since, the company has announced retail partners and exclusive carriers for each region, including Sprint in the USA and TELUS in Canada. Essential also disclosed that Best Buy Co. stores and Inc. will be its retail launch partners in the U.S.

The timing of the phone's release is unfortunately.

The Essential Phone has been highly anticipated because it is coming from Android's original creator, but the setbacks have started to wear on potential customers.

Are you still waiting on the Essential Phone?

In a statement, Paul Bernard, director of corporate development at Amazon's Alexa Fund, said the company was looking forward to collaborating with Essential.

Other investors listed on the company's site include Redpoint, Playground, Access Technology Ventures, VY Vapital, Altimeter Capital and Foxconn. The funding round comes from investors including Tencent, as well as Amazon's Alexa Fund, among others.

First published August 9, 8:58 a.m. PT. Update, 12:58 p.m.: Adds Andy Rubin's comments.

Other News

Trending Now

Houston family blames United Airlines for death of 5-year-old dog
However, the annual 2017 North America Airline Satisfaction Study by market research firm J.D. It bumped 1,064 passengers from January to June of this year, matching the industry average.

Anthem to exit ACA marketplaces in Nevada, half of Georgia counties
This year's open enrollment will run from November 1 through December 15. More troubling news about ObamaCare health insurance markets.

Gaza Rocket Hits Near Southern Israeli City of Ashkelon
According to Palestinian news agency Maan, the Israeli reaction injured four people, including one who is in serious condition. A medical official at Shifa hospital in Gaza City were being treated for shrapnel wounds from the explosion.

North Korea Sets Canadian Pastor Free
Lim was serving a life sentence of hard labor after being convicted of crimes against the state in December 2015. Canadian Prime Minister Justin Trudeau's office did not comment on Wednesday.

Iran's Rouhani presents new male-only cabinet
He had also served as the governor of Isfahan Province and a member of the parliament for two terms. But his passing over them for the defense minister position will likely draw hard-line criticism.

Uber to Shutdown US Car Leasing Unit
Uber has expanded into 70 countries, but sustained losses of about $3 billion in 2016. All told, about 500 people work for the unit. The leasing unit has had some difficulties.

PS4 Firmware Update 5.0 to Reportedly Add 1080p 60fps Twitch Streaming Support
Expect 5.00 sometime in the near future alongside an overhauled PlayStation App that isn't quite as useless as it now is. This will allow each sub/child account to have different communication, content-viewing and spending limit privileges.

Taylor Swift's Countersuit Against DJ Over Groping Incident Is Only For $1
Lawyers also asked the potential jurists if they had seen any images of the DJ groping Swift, the Los Angeles Times reported. Arthur Lewis, also 32 and a real estate agent, said he's "a big supporter of Taylor Swift and just wanted to check it out".

Shots fired after driver in 'explosive vehicle' chased through capital
The hunt took place at around 5:00 p.m. local time after the suspicious vehicle failed to stop at a traffic light. A bomb disposal squad are on the scene and are using a robotic bomb detector to search the vehicle.

Paul Manafort's Home Raided By FBI Agents In July
Meanwhile, there are numerous committees on Capitol Hill that have been looking into possible Russian influence on the election. Manafort has also been the subject of a separate investigation into his dealings and political relationships in the Ukraine.