LeEco, a smartphone brand that spinned off from well-known LeTV streaming service company, is facing trouble in terms of its running funds, as reported by TechnoBuffalo via Bloomberg Technology, LeEco’s founder Jia Yueting has sent a lenghty letter to employees and apologized to its share holders, admitting that the company has been too ambitious to expand to make products such as electric cars, bikes and smartphones in a fast pace, and they haven’t been doing well in securing proper funds to sustain the business in the long term. Recently, the company announced the LeEco LePro 3, a powerful Snapdragon 821 powered flagship that costs $399, undercutting many of its competitors and it is one of the most affordable flagship smartphones at this point of time.
In highlight of this matter, Jia will be taking measures to reduce the company’s burden, such as cost cutting programs, decrease subsidies for customers and focus on existing business instead of new ones, which could actually affect its smartphone eventually and customers could face support issues of its products in both software and hardware, therefore if you are looking to purchase LeEco’s products, it is best that you hold off your purchase as it is clueless as of now if the company would stop making or supporting its smartphones.
Local importers have actually brought in the LeEco LePro 3 smartphone, as you can easily purchase it from Lazada at RM1515, while we can’t really guarantee the software of this phone despite of its high end specs, it is best that you add on a little cash to get an established smartphone brand, for instance the OnePlus 3 could be had for at RM1,699 after discount.
SOURCE: Bloomberg Technology, VIA: TechnoBuffalo
