Google and Jio's cost-friendly phone ended up being a costly mistake
Apr 21, 2023•11 min•Ep. 57
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
In 2020, Google invested $4.5 billion in Reliance's Jio Platforms for a 7.7% equity. The flagship product of this alliance was a budget friendly 4G smartphone priced at Rs 6500 called JioPhone Next. The idea was to make the internet more accessible to millions of more Indians.
When it was launched, the telco was expected to sell at least 20 million devices in a year. But so far, it has sold only 2 million.
A tech giant and a telco giant coming together to make a pocket-friendly smartphone--the plan sounded perfect. What could've gone wrong?
Tune in to find out.
For the best experience, listen in Metacast app for iOS or Android