Rostec intends to release a “Russian iPhone” – comparable in quality and performance, but at a price of $130

The holding “Ruselectronics” (part of state Corporation rostec) plans in 2018 to release its own smartphone. This was stated by the head of the company Igor Kozlov. According to him, the Russian smartphone will be comparable to the U.S. in quality and performance, but it will be available at a significantly lower price.

According to Kozlova, the cost of domestic iPhone will be about $130. The price tag of the new smartphone Apple iPhone 7 starts of $ 649.

“In 2018 we will have your Russian iPhone”, which will cost on the shelves for about $130″, – said the head of “Roselektronika”.

The holding company Ruselectronics was formed in early 2009 on the basis of the eponymous state holding company, existing since 1997. Included in the state Corporation rostec.

The holding company unites enterprises of electronic industry specializing in the development and manufacture of electronic component base, electronic products, electronic materials and equipment for their production, and microwave equipment and semiconductor devices.

Currently Ruselectronics is conducting a restructuring process, which will strengthen the unit for the production of civilian products. In the revenue structure “Roselektronika” 15% are civilian products, and 85% military products. By 2025, the civilian products, the company expects that will bring 40% of sales.

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