Amid underwhelming sales figures, the future of the Saga Phone, a crypto-focused smartphone by Solana, is questionable, as reported by CoinDesk.
Solana’s Saga Phone, initially priced at $1000, was reduced to $599 in August due to slow sales. Despite Solana’s SOL token experiencing a 500% surge this year, the company’s hardware venture is yet to replicate a similar triumph.
Anatoly Yakovenko, the founder of Solana, revealed on Laura Shin’s Unchained podcast that the company is reevaluating the smartphone’s relevance and viability in the market. He stated, “We have to decide if there’s a place for a smart wallet, a much cheaper version that an iPhone user could use as a secondary device.”
Yakovenko mentioned a sales target of 50,000 units as the benchmark for the product’s success. However, he also pointed out that the gap between specialized and regular smartphones has significantly narrowed due to advancements in mobile interfaces.