SAN DIEGO, October 29, 2014 – InfoSonics Corporation (NASDAQ: IFON) has announced expansion to its product lineup with two 5.5-inch phablets—the verykool® s5510 and s5511.
Both 4G-ready models run on Android 4.4 and feature a 5.5-inch qHD IPS LCD capacitive touch display, 3mm ultra-slim bezel and 8MP rear camera. Nicknamed the Juno and Juno Quatro, respectively, the phablets are lightweight and ergonomic – designed to be held comfortably single-handedly while providing users with the big-screen advantage. The Juno features a 1.2GHz dual-core CPU, 4GB ROM, 512MB RAM and 1.3MP front camera, while the Juno Quatro is equipped with a 1.3GHz quad-core CPU, 4GB ROM, 1 GB RAM and 2MP front camera.
Their debuts are well timed for the marketplace. According to a study recently published by the research service BI Intelligence, the popularity of smartphones with 5 to 7-inch screens has altered the smartphone market and cannibalized demand for tablets. They forecast that phablet shipments will represent 50% of total smartphone sales in 2016 and over the next five years will rise at a compound annual growth rate of 27%, almost double the rate of non-phablet shipments.
“Consumer preference and comfort level are gravitating toward larger-screen products, which enhance the user experience and in many cases replace the need for a tablet or laptop,” said Joseph Ram, president and chief executive officer for InfoSonics. “We have come to a turning point where the mobile device has become an all-in-one consumer electronics product and verykool is committed to delivering products that fulfill that need.”
The verykool® s5510 and s5511 are available as single or dual SIM models for operator customers and the open market. Suggested retail price s5510: $149.90 and s5511: $164.90 (U.S.). To learn more, visit http://www.verykool.net/Products/s5510 and http://www.verykool.net/Products/s5511
About InfoSonics Corporation
InfoSonics is a San Diego-based designer, manufacturer and provider of wireless handsets and related products to OEMs, carriers, distributors and consumers in the United States, Latin America, Europe, Africa and Asia Pacific. The company is committed to delivering quality products with innovative industrial designs that appeal to consumers and offer exceptional value. InfoSonics sells and supports its own line of products under the verykool® and other private label brands. Additional information can be found on our corporate website at www.infosonics.com and www.verykool.net.
Except for the factual statements made herein, the information contained in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties and assumptions that are difficult to predict. Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as “believes,” “hopes,” “intends,” “estimates,” “expects,” “projects,” “plans,” “anticipates” and variations thereof, or the use of future tense, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. Such forward-looking statements are not guarantees of performance and our actual results could differ materially from those contained in such statements. Factors that could cause or contribute to such differences include, without limitation: (1) customer acceptance of the new SL5510 and SL5511 handsets; (2) our ability to continue to differentiate our products, including the SL5510 and SL5511, from the competition; (3) significant changes in supplier terms and relationships or shortages in component or product supply; (4) extended general economic downturn in world markets; (5) inability to secure adequate supply of competitive products on a timely basis and on commercially reasonable terms; (6) inability to attract new sources of profitable business from expansion of products or services or risks associated with entry into new markets, including geographies, products and services; and (7) rapid product improvement and technological changes leading to changes in consumer demand for multimedia wireless handset products and features, including changes to the popularity of phablets and other large screen devices. Reference is also made to other factors detailed from time to time in our periodic reports filed with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this release and we undertake no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.
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