UK Android upstart Wileyfox goes into administration
When UK phone maker Wileyfox burst onto the smartphone scene in August 2015, the company positioned itself as a small company that operated on small margins, with a plan to sell powerful but low-cost Android handsets. Its first two phones -- the Swift and the Storm -- delivered on that promise, earning favourable reviews for their premium design and impressive spec sheet. The company's next releases, however, didn't fare as well . It was forced to ditch the Cyanogen operating system and build its own Android platform, which ultimately led to it offering reduced prices if you didn't mind putting up with lockscreen ads . It appears Wileyfox's money-making strategy hasn't paid off. In a Reddit post , a (now) former Wileyfox employee named Wileyfox-Jack indicated that the company has gone bankrupt and is now in the hands of administrators. "Wileyfox Europe Limited is in Administration. Andrew Andronikou and Andrew Hosking are appointed joint administrators ...