In the absence of a mobile phone, “Android’s father” Rubin (Andy Rubin), a newly created mobile start-up company, essential valuations of more than $1 billion, becoming a “unicorn”.
Essential’s full screen phone hasn’t been sold yet, and Android’s parent has valued $1 billion.
According to the latest documents submitted by Foxconn’s Fu Zhikang, the company has invested $3 million in essential and gained 0.25% shares. This means that essential’s valuation has reached about $1.2 billion trillion.
In July this year there was a forecast that essential’s valuation was about $997 million trillion, and that it was probably just a matter of time before it crossed $1 billion. For essential, the rise in valuations is good news, especially given the company’s imminent release of its first mobile phone.
While it remains unclear when essential phone will be on the market, Rubin has pledged to release the official date of its release this week. The listing of essential phone has been greatly postponed since the first pledge was made in June.