Black Friday Sale! 50% Off All Access

This Luxe Smartphone Could Be Yours for $10,000 High-end mobile phone company Vertu's new smartphone comes with a 24-hour global concierge service.

By Matt Clinch

This story originally appeared on CNBC

There's a new high-end smartphone in town with the release of luxury mobile phone manufacturer Vertu's new Signature Touch model. But be warned, before you trade in your old Apple or Samsung it's worth noting that prices for this new good-looking gadget currently start at 7,900 euros ($10,750).

Marketing itself as a "luxury company which happens to produce mobile phones," the new Vertu model claims to boast state of the art technology, superior craftsmanship and materials as well as its bespoke services - including its most popular concierge service which provides 24-hour worldwide assistance to users.

"It's the combination of these three things that make a superior luxury phone," Max Pogliani, CEO of Vertu told CNBC Tuesday. He refuted claims that it's style over substance too, stating that this new "pinnacle" smartphone is now equipped with "state of the art technology" that can rival the latest models from the high-end market.

Bling bling: New smartphone, yours for $10,000
Vertu Signature Touch
Image credit: vertu.com

Top industry names are apparent in parts of its design, with Bang & Olufson and Dolby Laboratories taking care of the sound and Sweden's Hasselblad providing the camera technology. The phone features a 4.7 inch full HD sapphire crystal screen, a Qualcomm Snapdragon processor chip and Google's Android 4.4 (KitKat) software.

#insert RSS here#

This new Signature Touch model follows on from the company's Constellation model, which came out in October priced at 4,900 euros, and the Vertu Ti was launched in early 2013, starting at 7,900 euros.

"It really depends on how you look at it, because especially today a mobile phone is something which is with you day and night," Pogliani said.

"It's something very personal and the intensity of usage in these two to three years is large compared to other luxury items. If you take a nice bottle of Chateau Lafite you can have it finished in one hour and the price could be the same," Pogliani said.

Previously part of Nokia, the company is now privately owned which Pogliani says gives it more freedom to integrate the best technology available to it. Handmade in England, the phones are available in 66 countries across the globe.

Assistant Producer, CNBC.com

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Living

These Are the 'Wealthiest and Safest' Places to Retire in the U.S. None of Them Are in Florida — and 2 States Swept the List.

More than 338,000 U.S. residents retired to a new home in 2023 — a 44% increase year over year.

Business News

DOGE Leaders Elon Musk and Vivek Ramaswamy Say Mandating In-Person Work Would Make 'a Wave' of Federal Employees Quit

The two published an op-ed outlining their goals for their new department, including workforce reductions.

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Starting a Business

This Sommelier's 'Laughable' Idea Is Disrupting the $385 Billion Wine Industry

Kristin Olszewski, founder of Nomadica, is bringing premium wine to aluminum cans, and major retailers are taking note.

Business News

These Are the Highest Paying Jobs Available Without a College Degree, According to a New Report

The median salaries for these positions go up to $102,420 per year.

Side Hustle

20 Ways to Make Money from Home in 2023

Making money from home doesn't have to be complicated. Check out these 20 smart ways to make cash from the comfort of your computer desk.