Solana’s Saga Phone Only Sold 2,200 Units

Launched in May 2023, the Solana Saga phone encountered difficulties in sales when it sold only 2,200 units.

Solana’s Saga Phone Only Sold 2,200 Units_65b9715a9f277.webp

Sharing with Unchained, Solana Labs founder Anatoly Ykovenko said that Solana’s Saga smartphone needs to increase sales to 25,000 to 50,000 units to create the necessary attention. The founder revealed that after more than half a year of launch, the company had only sold 2,200 units, which posed a challenge to driving interest and access from consumers.

💪 After FTX’s collapse, many wondered whether Solana would survive. One year later, it’s one of the most successful cryptos of 2023.

Solana Labs co-founder @aeyakovenko joins @unchained_pod to discuss how Solana weathered the storm 🌪https://t.co/T7ZDlPvjbJ

— Laura Shin (@laurashin) December 5, 2023

Accordingly, the company is considering product marketing strategies such as in-store discounts and upgrading application models to improve sales. The goal is to build a solid user base.

Before its launch, the Saga phone received positive reviews and was often presented by famous founders at many events. According to Solana, Saga’s unique feature is the Solana Mobile Stack (SMS), a custom toolkit that helps integrate crypto into the phone.

Related: Elon Musk’s xAI Wants To Raise $1 Billion From IPO

The Saga retails for $1,000, and features top-notch specs including a Snapdragon 8+ Gen 1 processor, 6.67-inch OLED display, 12GB of RAM, and 512GB of storage. The phone uses the default Android operating system.

Although starting from a blockchain project and not specializing in phone production, Saga cannot avoid design flaws. Recently, on November 15, testing unit CertiK shared a video demonstrating how to attack Saga’s vulnerability, revealing that the boot loader on Solana Phone can be cracked. through the back gate.

Ever wondered about the security of your Web3 devices?

Our newest exploration reveals a significant bootloader vulnerability in the Solana Phone, a challenge not just for this device but for the entire industry. Our commitment to enhancing security standards is unwavering. 🔐… pic.twitter.com/lHZ5W7hXzy

— CertiK (@CertiK) November 15, 2023

From there, users’ devices can be hacked and assets can also be stolen. It is known that this vulnerability has been discovered on more than 2,000 phones that have been sold.

5.0/5

(100 votes)

Latest

A Major Canadian Company Begins Buying Bitcoin

News | Bitcoin | Editor Choice

A Major Canadian Company Begins Buying Bitcoin

Canadian real-world asset tokenization company Matador Technologies has become the latest company to add Bitcoin to its portfolio.

Defi Hack Losses Decrease Significantly, Cefi Sees Strong Growth In 2024

News | Altcoin | Bitcoin | Bitcoin Layer2 | DePin | Editor Choice | GameFi | Memecoin | Newbies | Pi Network | Video

DeFi Hack Losses Decrease Significantly, CeFi Sees Strong Growth in 2024

In 2024, DeFi suffered losses of $474 million due to hacks (a 40% decrease), while CeFi faced severe losses amounting to $694 million.

Frame 173 (1)

AI | Editor Choice | News | PRESS RELEASES

Explore AZCoiner IDO: Opportunity to Invest in AZC at Great Price

Join AZCoiner's IDO on Kommunitas! Acquire AZC tokens at an exclusive price and seize the opportunity for significant growth. Don’t miss out!

Crypto Market Booms After The 2024 Us Presidential Election

News | Altcoin | Bitcoin | Bitcoin Layer2 | DePin | Editor Choice | GameFi | Memecoin | Newbies | Pi Network | Video

Crypto Market Booms After the 2024 U.S. Presidential Election

After Donald Trump became the President of the United States for the next term, the crypto market is witnessing a significant influx of new participants.

Azcnews Bitcoin Surges During Christmas Amid Strong Buying Demand

News | Bitcoin | Editor Choice

Bitcoin Surges During Christmas Amid Strong Buying Demand

Bitcoin has surged to $98K in the past 24 hours, as global markets are in the Christmas spirit.