Essential now valued at over $1 billion, before phone goes on sale
We are still on the verge of knowing when the will actually becoming available to the public. Even so, Foxconns filing for a $3 million investment into Essential has brought the companys valuation to about $1.2 billion, breaking past the $1 billion barrier and pegging it as a unicorn in the tech industry. This is according to columnist Tim Culpan via . Essential was previously valued at following a short period of large investment backing. This was also around the time that the company. Essential has everything set up for a great run: a great-looking product with lots of interest, major retailers on board (Sprint, Telus, Amazon), and someone who knows what they are doing backing the company (Andy Rubin). Not to mention, all the connections Rubin has made over the years with folks in the industry. Despite the great financial valuation, the company has yet to sell a single product. Were hoping to finally hear an update from Essential about the PH-1s supposed . The phone has already seen a couple of months of delay. |