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Aug 14 AT 3:37 PM Dima Aryeh 0 Comments

Essential now valued at $1.2 billion

FIH Mobile, a subsidiary of Foxconn, has filed $3 million for a 0.25% stake in Essential. This has revealed that Essential is now valued at $1.2 billion, which is a significant bump over the previous $997 million valuation. This is made even more impressive by the fact that the company hasn’t shipped a single product yet.

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The Essential Phone2