The company behind the dual-screen YotaPhone is bankrupt

We've been following Russia's YotaPhone since 2012, but it seems that the saga of the dual-screen phone with E Ink backed by power has come to an end. Yota Devices is bankrupt, reports Cnews.ru and Liliputing noting a settlement notice published in Cayman Islands Gazette (PDF).

According to Russian media reports, it was a lawsuit that ultimately ended up bankrupting the company. The Yota manufacturer for the first two YotaPhones, Hi-P Singapore, filed a claim for $ 126 million in 2015 because, according to reports, YotaPhone refused to receive (and probably pay) the minimum number of phones it agreed to order. (In 2016, The Financial Times reported that the first two YotaPhones only sold about 75,000 units.) Hi-P agreed to take $ 17 million instead, but apparently that deal failed.

Truth be told The YotaPhone has not been exactly as relevant to the West, or even to Russia, in recent years. The company did not ship the YotaPhone 2 to the United States in 2015 despite having exceeded its Indiegogo collective financing goal, and by the end of 2016 it also decided to withdraw from the United Kingdom and Russia, switching its operations to China instead.

With Chinese factories and Chinese investment, Yota apparently only ended up selling the last YotaPhone 3 in China, despite the promises that would also appear in "Russia and other markets". However, the YotaPhone 3 won an iF Design Award in 2018.

Now, we will probably never see another YotaPhone. But if you're interested in a multi-screen phone, a new wave of folding devices could fill that hole in your heart.

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