Ringing Bells has claimed that it will make profit of Rs 31 on every unit of Freedom 251, according to a report of Hindustan Times. The new claim is totally in contrast to what the company said earlier.
While talking to The Mobile Indian earlier, the company had said that the actual price of the phone is Rs 2,500 but through various tie ups, innovative marketing and economies of scale it managed to bring down the cost of the device to just Rs 251.
Freedom 251, despite being priced so low, offers Android 5.1 Lollipop operating system, 1.3 GHz quad core processor, 4 inch IPS touchscreen with WVGA (800×480 pixels) resolution, 8 GB of internal memory, 1 GB RAM, a 1450 mAh battery, 3.2 megapixel rear camera, a 0.3 megapixel front camera, and has two dual SIM slots.
Many were thus quickly raised their voices against the company. The Income Tax department too questioned the company on its financials while some buyers (who are concerned about deliveries) protested in front of the office of Ringing Bells.