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What Happened To Gionee And Why You Haven’t Seen New Phones From Them

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What Happened To Gionee And Why You Haven't Seen New Phones From Them 1
A few years ago Gionee was a strong force to reckon with in the Nigerian mobile sector and for a really long time we haven’t heard from them , no new devices, nothing at all . The big question on our minds is :

What Really Happened To Gionee Mobile?


what happened to gionee
Gionee has been facing a tough time over the past few months and is almost on the verge of bankruptcy.
The company has been facing financial woes in China, and if the latest report is to be believed, Gionee is considering filing for bankruptcy. There is also a possibility of liquidation after the company failed to pay financial creditors, marketing firms and about 400 suppliers.
According to reports from Beijing Youth daily, Gionee is on the verge of bankruptcy after owning money to financial institutions, suppliers, advertising and marketing agencies. Gionee currently owes $2.45 billion. And the chairman of Gionee “Liu”,  had earlier lost CNY1 billion while gambling with the company assets.
Gionee, which ranked behind Apple in sixth place for handset sales in China last year, is now on the verge of bankruptcy restructuring as suppliers have halted component sales after failing to receive payments for several months, according to the report.
Liu admitted in the interview that Gionee’s total debts amount to 17 billion yuan($2,447,065,000), with 10 billion yuan($1,439,450,000) of this owed to banks, 5 billion yuan($719,725,000) to upstream suppliers and about 2 billion to advertising agencies.
If restructuring is not a viable option, Gionee will go into liquidation. This probably is the reason why you haven’t been seeing new devices from the company lately.


This information was originally published by – http://www.chinanews.com/cj/2018/11-28/8687121.shtml and does not directly represent the views of NaijaTechGuy.com

Michael Ajah is a Computer Science Student of The University of Port Harcourt and a Chelsea Fan. He loves RnB and a little mix of Trap Music. An awesome tech reviewer and analyst. Email - [email protected]

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smartphones

Tecno Phantom 9 is on its way

Isaac Godwin

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Tecno Phantom 9 is on its way 4

Tecno Phantom 9 is on its way 5

Just in case you still haven’t heard, Tecno Mobile posted a teaser of their next addition to the phantom series. This was posted on their Facebook page about last week Tuesday.

Tecno Phantom 9 is on its way 6

The phantom series is considered to be Tecno’s top innovations, their flagship lineup. Always incorporated with the best hardware & features from the Chinese company. The phantom 9 seems to be following the same sequence.

From the teaser, we supposedly got a few hints (not sure if this is the right word) of what to expect before it is finally revealed. And it has a couple of impressive specs I’d say.

Here are the following specifications from the teaser;

• 6.4 inch Full view AMOLED display

• Android 9 – the latest android version

• In-display Fingerprint sensor

• 6GB RAM + 128GB ROM

• AI triple camera with dual front flashlight

• 3500mAh battery

I think Tecno needs to be reminded of what a teaser mean, because at this point, you’ll have to wonder how this is a teaser. Permit me to called it a spoiler instead.

What else do they have in store? They literally listed every spec we care about in a smartphone today. Well, only time will tell.

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iPhone 11 – Is there anything left to announce?

Isaac Godwin

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iPhone 11 – Is there anything left to announce? 7

iPhone 11 – Is there anything left to announce? 8

It is still months before Apple unveil their next iPhone, but that has not done enough to avert the ton of leaks online.

The release for the iPhone 11 is set for September this year. Apart from the aesthetics and designs, not much is known about its specifications.

Although there have also been rumors of the iPhone 11 spec sheet, history has severally proven those type of speculations to be unreliable.

Here are the leaked photos. What do you think?

iPhone 11 – Is there anything left to announce? 9

iPhone 11 – Is there anything left to announce? 10

iPhone 11 – Is there anything left to announce? 11

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