Shocker: There’s not much of a market for $16,000 phones

Last year, Israel-based Sirin Labs launched Solarin – an ultra-expensive and ultra-secure smartphone. From the get-go, the Solarin raised eyebrows. For starters, Sirin Labs launched the handset at a star-studded party that was attended by Leonardo DiCaprio and Tom Hardy. Plus, the device came with an asking price of $16,000, despite packing already-obsolete hardware like the Snapdragon 810 and Android 5.1. $16,000. And no, that isn’t a typo. But it turns out that there isn’t a vast market for ultra-expensive mobiles built on outdated tech, and Sirin Labs just announced that it’s laying off 30 staffers from its 90-person workforce, and pivoting away…

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