“Richard Branson-backed” hyperloop startup seeks funding on Bucharest's SeedBlink
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Russian internet major Yandex has sold out of its pilot smartphone model Yandex.Phone, which has proven to be a rare dud for the company, Kommersant daily reported on November 7, citing distributors and electronics retailers. The company has only sold a total of 18,000 units, which is still seen as a niche product by the experts.
As reported by bne IntelliNews, the initial launch of the smartphone in December 2018 belly flopped with less than 500 units sold.
Reportedly, retailers have sold off their inventory after lowering the price at least twice. The sales and activations remained marginal as compared to market leaders (Samsung importing 5mn handsets in 1H19) and niche brands such as Inoi Russian phone (sold 0.9mn units).
Yandex is reportedly continuing to work on the development of the product, but it has not announced the second stage of the sales yet.
In the meantime in a separate report Vedomosti daily announced the unveiling of another gadget, the Yandex.Rover delivery robot, which comes under the umbrella of Yandex.Taxi services. The robot the size of a suitcase can navigate sidewalks and deliver small parcels.
Previously the company's representatives hinted that automated delivery is one of the directions for the development of the driverless division of Yandex, which has been gaining steam. Automated delivery solutions could be integrated with foodtech services such as Yandex.Food and Yandex.Lavka, and the marketplace Beru.
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