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N2′s reception issues cost Neonode $3 million

Categories: Devices, Neonode
By: , IntoMobile
Friday, August 1st, 2008 at 1:25 AM

Neonode N2When you have a device as small as the Neonode N2, something’s gotta give, and I guess you can’t fix everything with a firmware update.

In a recent letter to shareholders, the company’s CEO and chairman Per Bystedt said they’ve failed at meeting sales expectations. The problem was that Neonode tried to reach “too many markets, too fast,” but also the N2′s “reception issues.” Ultimately, the company has lost $3 million, but asks for investors’ patience…

Shareholder’s meeting is set for August 5th at 09:00 a.m. CET/12:00 a.m. PDT/03:00 a.m. EDT. Hopefully, it won’t be all about the bad news. We’re eagerly waiting for some hot phones from Neonode. Don’t disappoint us, please…

[Via: Engadget Mobile]

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About The Author

Dusan Belic

Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.