|Woman holding smartphone (illustration)|
(Scroll down for video) A company in India, began shipping the world’s cheapest smartphones to customers who preordered them several months ago, when most people thought it was just a hoax.
The Ringing Bells Freedom 251 cost just under $4.
The company shipped the first batch of 200,000 phones despite suffering a loss of $2.20 on each.
Mohit Goel, who is the found of Ringing Bells, said that he is happy despite losing a lot of money as his dream of connecting more poor people in the country has materialized.
The phone is powered by Android 5.1 and has a 4 inch screen.
The phone has a built in rear 8 megapixel camera, 3.2 megapixel selfie camera. It also has 1 gigabyte of RAM and 8 gigabytes of storage.
Those consumers who want more storage, can add a microSD card in its slot. The company plans to ship another 200,000 phone next month.
The company said that it might get a government subsidy to help cover its losses.