Sales of YotaPhone 3 to start in China in Sep, in Russia by 2018

MOSCOW, Aug 23 (PRIME) -- Yota Devices will start official sales of the third model of dual-screened smartphone Yota Phone in China in September and in Russia in late 2017, Russian state industrial corporation Rostec, which holds 25.1% in Yota Devices, said on Wednesday in a statement.

“Sales of the phone will start first in China, it will appear in other countries, including Russia later. In Asia, the new smartphone was named YOTA3, while in Russia and other markets the company plans to use the Yota Phone 3 brand,” Rostec said.

Chinese market floor JD.com will start taking preliminary orders for the premium version of YOTA3 on September 5 and all modifications will be available on the Web site from September 18. Later on, the YOTA3 will be sold at brick-and-mortar stores.

Frank Chen, general director of China’s Baoli Yota that manufactures and distributes the smartphones on the local market, said that China is the world’s biggest smartphone market, and the start of sales in China will kick off a successful global expansion of the YotaPhone brand.

Baoli Yota expects to sell more than one million devices in the first year, excluding new markets, like Russia, where the phone will be available at the end of 2017.

The YotaPhone 3 will be equipped with two screens and will be offered with an embedded memory of 64 gigabytes and 128 gigabytes for about U.S. $350 and $450 apiece respectively.

China Baoli Technologies Holdings Ltd. holds 30% in Yota Devices; MTH Ltd. holds 10% and fund Telconet of Sergei Adonyev and Albert Avdolyan holds 34.9%.

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