Reliance Retail Invests $7 Million in KaiOS Which Powers JioPhone and Nokia's 'Banana Phone'
After shaking upward the telecom industry with its trigger-happy pricing and the mobile entertainment segment with costless JioTV, Reliance appears to be gearing upwardly for a major turnaround in the feature phones segment. As per a recent study, Reliance Retail which also owns the budget mobile phone brand LYF has caused 16% stake in KaiOS.
The Economic Times reports that Reliance Retail paid $seven 1000000 in exchange of nearly 1.9 1000000 shares in the OS developer. Notably, KaiOS is the operating organisation designed to bring smartphone features and applications to affordable characteristic phones. It is known to power the JioPhone equally well the Nokia's latest device aimed at rejuvenating its characteristic phone dominance – the Nokia 8110 4G aka the Banana Telephone.
KaiOS is based on the Firefox Os while the apps are developed on the web-friendly HTML5 platform. There is also a dedicated app store which is a promising aspect of the Bone. At MWC 2018, the KaiOS appear new partnerships with the likes of Google to introduce products such as Google Maps, Google Search, Google Assistant to the Os. It also announced possibilities of partnership with companies such as Doro, Micromax, and Bullit for bringing more feature phones running KaiOS equally well as collaborations with Qualcomm and Spreadtrum for support of chipsets.
For Reliance, the investment could hateful that the visitor gets an upper hand compared to other manufacturers in the development of apps for features phones like to the JioPhone. KaiOS is of special interest to Reliance Jio which aims to provide internet connectivity and mobile entertainment to 50 crore rural and low-income urban users at an "effective" price of ₹1,500.
The visitor has already sold 1.6 crore (16 million) units of JioPhone since its launch back in August terminal yr and plans to roll out two crore more handsets in the coming ii months. Reliance's LYF recently outran market leader Samsung in terms of overall mobile handset shipments and this latest development is likely to add to the growth of Reliance's feature phone venture. Meanwhile, KaiOS could as well be used to ability 5G-powered IoT devices which are of neat interest to the Indian telecom sector at nowadays.
Source: https://beebom.com/reliance-retail-investment-kaios-jiophone-nokia/
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