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Essential Products Amasses $300M To Wage Smartphone War

Can Essential Products challenge Apple and Google for smartphone supremacy? Unlikely as it seems, the startup was founded by Android creator Andy Rubin, and, as The Wall Street Journal reports, it has $300 million play with. Regarding the sources of said funds, The Journal writes: “The startup on Wednesday unveiled the large roster of investors taking a chance on it, including Chinese internet company Tencent Holdings and Amazon Inc.’s Alexa Fund.” Best Buy stores and Amazon.com are expected to carry the phones.

Read the whole story at The Wall Street Journal »

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