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

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.

By: | Published: July 15, 2017 1:56 PM
Vertu phones, hefty price tags, Red gold, 18 carat, Nokia, Luxury phones Vertu phones carry hefty price tags and one model featuring 18-carat red gold could cost as much as ,600.(Image: IE)

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 anymore,” 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.

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