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Is Essential Phone 2 dead? Essential might sell itself or try something new

28 days ago   |   By Pocket-lint

Essential isn't doing so well, it seems. The company is reportedly no longer planning to develop a second phone and may even consider a sale, according to Bloomberg. It sounds like Essential is only just beginning to mull selling off the entire company, as the report also mentioned Essential has plans for future products. Plus, on Twitter, Essential founder Andy Rubin, who also co-founded Android, tweeted what seems to be a response.
Essential Phone: Everything you need to know
"We always have multiple products in development at the same time and we embrace canceling some in favor of the...
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Essential May Cancel Second Phone Amid Rumored Company Sale

Essential May Cancel Second Phone Amid Rumored Company Sale

28 days ago   |   By Android Headlines

Essential may cancel its second phone amid a rumored company sale according to a recent report from Bloomberg that cites unnamed sources, which detail that Essential is trying to shop a sale of the entire company including its complete portfolio of products, and that it's contracted Credit Suisse AG Group to advise on the matter with one potential interested buyer already considering the acquisition. Essential's founder and CEO who was also the creator of the Android operating system, Andy Rubin, hasn't given any confirmation about the sale of the company or the Essential Phone 2 being...
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Essential Phone 2 said to be canceled as company reportedly puts itself up for sale

Essential Phone 2 said to be canceled as company reportedly puts itself up for sale

28 days ago   |   By PhoneDog

We're now right around one year out from the debut of the Essential Phone , and some may be wondering when we'll see the Essential Phone 2. According to a new report, though, that device won't be happening.
Essential has canceled development of the Essential Phone 2 and is shopping itself to potential buyers. That's according to a report from Bloomberg , which adds that Essential has moved engineers onto a smart home product that's due to be released next year.
It's said that Essential has considered hiring a manufacturing company to develop a device with the Essential brand, but there are...
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The Essential Phone 2 has essentially been cancelled

28 days ago   |   By WMPoweruser

Andy Rubin's Essential Products Inc. is currently in dire straits. According to a report from Bloomberg, the firm, which had released the Essential Phone last year and had been working on a sequel has shelved all development of the sequel and is now considering selling itself off. Rubin's startup has hired Credit Suisse Group AG to advise...
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Report: Nokia had 14% market share for 2nd top feature phone vendor ranking

Report: Nokia had 14% market share for 2nd top feature phone vendor ranking

28 days ago   |   By Nokia Power User

We last reported via the Analyst Firm CounterPoint Research that Nokia was the 6th top vendor in terms of handset shipments for the period of Q1 2018. Now, the firm has gone into more details in its latest report about the feature phone market share for vendors globally. The report shows that Nokia feature phone...
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Andy Rubin's Essential is reportedly up for sale and has cancelled work on its next smartphone

Andy Rubin's Essential is reportedly up for sale and has cancelled work on its next smartphone

28 days ago   |   By TechCrunch

Essential, the smartphone company helmed by Android co-creator Andy Rubin is trying to sell itself and has cancelled development of its next phone, Bloomberg reports.
The report states the Essential has hired Credit Suisse Group AG to advise them on potentially selling itself. The company raised $330 million from investors including Rubin's own Playground Global, Tencent Holdings and the Amazon Alexa Fund. The news of a potential sale accompanies news that the company has ended development on its next smartphone, a major blow for a company aimed to challenge companies like Apple and...
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The father of Android has reportedly cancelled his next big smartphone and might sell the company after raising $300 million

The father of Android has reportedly cancelled his next big smartphone and might sell the company after raising $300 million

28 days ago   |   By Business Insider

Essential - the startup founded by Android creator Andy Rubin - plans to sell itself, according to a new Bloomberg report.
The hardware company released its first product, the Essential Phone, last year. But plans have now been scrapped to release a second device.
Essential has raised $300 million to date and has been valued at around $1 billion.
Essential - the hardware startup founded by Android creator Andy Rubin - has canceled its next smartphone and is now looking to sell itself, according to a report from Bloomberg's Mark Gurman and Alex Barinka .
The 3-year-old startup has hired...
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Essential reportedly cancels next phone, considers sale

Essential reportedly cancels next phone, considers sale

28 days ago   |   By Engadget

It's barely a year since Android founder Andy Rubin launched Essential, a new smartphone startup, and he's already considering giving it up for sale. According to Bloomberg, Rubin and co. has hired Credit Suisse Group AG to consult on a possible sale...
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Bloomberg: Essential cancels its next smartphone, company might be up for sale

28 days ago   |   By Liliputing

Less than a year after releasing its first smartphone, it looks like Essential Products might be going out of business. Bloomberg reports that the company, which was started by Android co-founder Andy Rubin, has cancelled development of its next phone, and may be looking for a buyer interested in acquiring the company. The Essential PH-1...
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The Essential Phone 2 has reportedly been canceled

The Essential Phone 2 has reportedly been canceled

28 days ago   |   By The Verge

Essential has canceled plans to develop a second phone and is exploring selling off the entire company, according to Bloomberg. Much of the details remain up in the air. Talks of a sale sound like they aren't very far along, and the report says that Essential still has plans for future products.
One thing that does sound certain is that Essential's second phone - at least as it was originally planned - isn't going to happen. Bloomberg says the development was canceled and that engineers are now working on a smart home product, which is supposed to be released next year. That may be the...
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Essential Phone 2 reportedly canceled, Andy Rubin considering selling the company

Essential Phone 2 reportedly canceled, Andy Rubin considering selling the company

28 days ago   |   By Android Central

More than $100 million was used to develop Essential's first products.
According to a new report from Bloomberg , Andry Rubin is considering selling his startup Essential and has canceled the launch of the 2nd-gen Essential Phone .
Per Bloomberg 's report -
The startup has hired Credit Suisse Group AG to advise on a potential sale and has received interest from at least one suitor, the people said. Essential is now actively shopping itself to potential suitors, one of the people said.
Playground Global, Rubin's incubator that was used to launch Essential, is said to have raised around $300...
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Essential Cans Plans for New Phone, Puts Itself Up for Sale

28 days ago   |   By Phone Scoop

Essential Products is for sale, reports Bloomberg, and has cancelled plans to develop a new phone. The company has hired a financial firm in order to help advise it on a potential sale, according to Bloomberg's sources, who also say Essential has already received interest from one possible buyer. Essential, part of Andy Rubin's Playground Global tech incubator, announced the Essential Phone at about this time last year. The phone was unique thanks to its ceramic design, all-screen face, and magnetic mod system. The phone was sold by Sprint in the U.S., as well as unlocked directly from...
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Essential up for sale, next Essential Phone cancelled: report

Essential up for sale, next Essential Phone cancelled: report

28 days ago   |   By MobileSyrup

Essential Products, the company behind Android co-creator Andy Rubin's Essential Phone, is reportedly up for sale following the cancellation of the startup's next smartphone, according to a report from Bloomberg's often reliable Mark Gurman. The report states that Essential has hired Credit Suisse Group AG to advise on the potential sale, and that so far there is interest from one possible company. The company, which is part of Rubin's incubator Playground Global, raised $300 million from various investors, including Tencent Holdings, Redpoint Ventures and even Amazon. Roughly a year ago...
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Essential Phone 2 axed as Rubin reportedly weighs selling firm

Essential Phone 2 axed as Rubin reportedly weighs selling firm

28 days ago   |   By SlashGear

Smartphone maker Essential, Andy Rubin's project to reinvent the Android phone, has axed development of its second device and is considering selling itself off, according to a new report. The company is part of Playground Global, the startup incubator that Rubin began in 2015 to focus on new hardware projects after leaving his role as Android chief at Google. The...
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