CEO Mohit Goel told IANS that Ringing Bells will only be able to deliver a fraction of what it promised – about 200,000 units will ship out starting on June 30.  We’re still not convinced it’s not an elaborate scam, but the Freedom 251 – known globally as the “$4 smartphone” – will begin shipping to customers soon. “We are ready with nearly two lakh ‘Freedom 251’ handsets. We will start delivery from June 30,” Goel said, adding that once he is done with this first phase of delivery (of two lakh phones), he will open registration again for those who wish to buy the handset. The company had in mid-February this year planned to deliver 25 lakh handsets before June 30. It isn’t clear why the company needs another registration round, given the massive number of registrations it received back in February. Despite not yet delivering on his initial promises, Goel considers that he already proved critics wrong: 
 
 “We learned from our mistakes and decided to go silent till we come out with the product. Now we have a 4-inch, dual-SIM phone ready for delivery. I feel vindicated,” he said in one breath. According to Goel, he is facing a loss of Rs 140-Rs 150 per unit, but hopes to make profit on volumes. Ringing Bell plans to sell around 200,000 Freedom 251 every month, despite taking a Rs. The Ringing Bell CEO said the company would introduce the cheapest television sets in India next month. But they won’t be as cheap as the Freedom 251 – Ringing Bells’ HD LCD TV set will reportedly cost Rs.
– Smartphones going for about $4 are said to be shipping this week in India, and the manufacturing company's head says he's pleased that they're finally coming out, even though the company will take a loss on each phone, the Guardian reports. Ringing Bells originally said it would ship 2.5 million units of its Freedom 251 phone—a 3G Android with a 4-inch screen, 8GB of storage, an 8MP main camera, and a 3.2MP selfie camera—by the end of June, per Android Authority, but now CEO Mohit Goel tells the Indian Express that's been dropped down to 200,000 shipped out by June 30, with more soon to come. There had been much skepticism over whether the phones actually existed. "We learned from our mistakes and decided to go silent till we [came] out with the product," Goel says. "Now we have a … dual-SIM phone ready for delivery. I feel vindicated." Talk of the phone has raised disbelieving eyebrows since it was announced: In February, Ars Technica called the whole deal "awfully shady," noting that initial previews of the phone showed an unattractive, cheap-looking unit that appeared to be another company's phone "rebranded" with white correcting fluid. The Guardian notes that Ringing Bells is losing about $2.20 per smartphone, but Goel tells the Express he hopes to recoup profits in volume. "We will have a loss, but I am happy that the dream of connecting rural and poor Indians as part of the 'Digital India' and 'Make in India' initiatives has been fulfilled with Freedom 251," he says. Also reportedly to be released from Ringing Bells within the next month or so: a 32-inch high-def LED TV that retails for less than $150.