Foxconn has landed the contract to manufacturer Sirin Labs Blockchain-powered smartphone, which it first announced back in September. This new smartphone is going to cost around $1,000, and it will act as a secure wallet for cryptocurrencies like Bitcoin and Dogecoin, among many others. The Sirin Labs Finney phone is going to be a big hit among those that are into trading cryptocurrencies right now, and it doesn't have any competition right now. However, Huawei has announced that it will also be launching its own Blockchain smartphone in the near future. So this could become a pretty big market.
It should come as no surprise that Foxconn will be the one manufacturing the Sirin Labs Finney phone, seeing as it already manufacturers a ton of other smartphones right now. Most notably, Foxconn builds Apple's iPhones, but it also builds Motorola smartphones and many other brands as well. Recently, Foxconn has bought the rights to manufacturer Belkin's products as well – likely a way to replace the loss of building all of Apple's products, as Apple looks to move elsewhere. Foxconn has been in the headlines a lot in the past year, however, for child labor, and poor working conditions. But that doesn't seem to have pushed Sirin Labs away.
The Sirin Labs phone has already received 25,000 pre-orders, and is expecting to sell at least 100,000 units in 2018. The Finny phone isn't expected to ship until around October, so barring any delays, that's a short time period to be selling 100,000 units. Though it has already essentially sold 25,000 (as long as Sirin Labs is able to build them in time). The Finney phone is slated to sport a 5.5-inch display, 6GB of RAM, 64GB of storage and a 12-megapixel camera on the back. The phone will be running on Android, but a very customized version of Android, seeing as it needs to be ultra-secure, especially if Sirin Labs wants this to be a phone that users can store their cryptocurrency on.