Yota devices was a Russian company and they produced the YotaPhone. This device had two different generations that were available. The original YotaPhone debuted in 2013 and had widespread availability. a few years later the YotaPhone 2 was announced, but it never arrived in the United States. A Chinese company bought a 65% stake in Yota Devices and released the YotaPhone 3 exclusively in China.Today, Yota Devices has announced that they are going bankrupt and will not produce anymore devices.
Yota had an interesting concept. It featured a full color display on one side and an E Ink panel on the other. This provided users two different screens to do their tasks, the e-paper display was ideal for reading.
The main reason why Yota went bankrupt, was because of a lawsuit filed by Hi-p Electronics. Yota Devices and Hi-p Electronics have collaborated since 2015 and broke up with the scandal. Hi-p Electronics accused Yota Devices of disrupting the release of the YotaPhone 2 to the US market. They were sued for $126 million due to a failure to fulfill obligations for the minimum order of components. Yota Devices had to contribute pay $17 million in a compromise. Hi-p Electronics filed another claim for another $1 million in connection with debts for the supplied components, I suppose it was to try and get another settlement. Yota Devices had enough and was unable to pay another one million dollars and decided to go bankrupt.
Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about audiobooks and e-readers for the past ten years. His articles have been picked up by major and local news sources and websites such as the CNET, Engadget, Huffington Post and Verge.