Amazon (AMZN) shares retreat after wide Q2 earnings miss >>> READ MORE

Fairphone: The World’s First Ethical Smartphone

The Fairphone has alraedy been pre-ordered by over 14,000


The world’s first ethical smartphone was showcased at the London Design Festival recently by a spinoff of Medialab Waag Society.

The Huffington Post reports that the Fairphone is made of tin and tantalum made in conflict-free mines in The Democratic Republic of Congo. Additionally, the phone is built by workers who earn a fair living wage and work under fair conditions.

The ethical smartphone comes with an Android 4.2 Jelly Bean operating system but it allows users to choose whatever operating system they prefer. The Fairphone has been selling well already with 14,984 pre-orders already placed, far exceeding the company’s expectations of initially selling 5,000 phones.

The smartphone is selling for about $434 and Fairphone is donating part of each sale to Closing the Loop, a program that promotes the recycling and reuse of cell phones.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC