Ringing Bells, a Noida-based electronics company launched the cheapest phone for just Rs. 251. Freedom 251 is expected to cater to the rural population of the country. The 3G handset features a 4-inch display, Qual-comm 1.3-GHz quad-core processor and 1 GB RM. Freedom 251 runs on the Android Lollipop 5.1operating system, and is powered by a 1.3 GHz quad-core processor. This Android Lollipop-based handset will have an on board storage of 8GB with support for expandable memory of up to 32GB. It features a 3.2 mega-pixel rear, a 0.3-MP front facing camera and a 1,450 mAH battery.
The Smart phone was launched at a high-profile function attended by senior BJP MP and former Union Minister Murli Manohar Joshi in Delhi. The company stated that the launch is to concede with the Prime Minister’s Make In India dream, empowering India to the last person.
The firm imports the parts and assembles it in India; they are expecting to open a manufacturing unit in the country by year end.
It is yet to be understood how the company is managing to market the phone at such low price. When asked at the launch event in Delhi, the company representative denied any government aid or subsidy in the production of handsets.
The phone has direct copy of icons from iPhone including the round home button. The success of the phone is yet to be seen in coming days. The makers of the world's cheapest Smartphone will make a profit of Rs. 31 on every unit of the Freedom 251 sold; this was confirmed by the Ringing Bells director Mr. Mohit Goel.
However, calling Freedom 251 a ‘PONZI’ scam, the senior BJP leader and MP Kirit Somaiya had written a letter to the central IT Minister Ravi Shankar Prasad questioning the abnormalities in the company. Leveling serious allegation against the company, saying it is a ‘ponzi bogus company scam’.
“This is a huge scam that is why I went through all the papers of the company. The government has informed Uttar Pradesh government to check the bonafide of the promoter. This is a Ponzi bogus company scam,” said Somaiya. The BJP MP has also approached telecom ministry, telecom regulator TRAI, consumer ministry, SEBI, corporate ministry, finance ministry, RBI and state governments to check various concerns that he has on company offering mobile phone for Rs 251– which is proving the world’s cheapest Smartphone.
The Bookings for the Freedom 251 started on February 18 at 6 am and closed on 21 February at 8 pm (IST). The company says deliveries will be completed by 30th June 2016.