Nokia Is All Set To Make A Comeback !

Nokia is all set to make its comeback in the first half of 2017 with its new range of smartphones that will run on Android. Android is an operating system developed by Google. Android currently holds 88% of the global smartphone market share. Nokia confirmed its comeback at the Capital Markets Day 2016 event. At this event the Finnish multinational company declared its agendas for the upcoming years.

The New Players: However, Nokia itself will not be manufacturing Nokia branded devices. HMD will develop, market and sale Nokia branded phones and accessories partnering with FIH Mobile Ltd. HMD Global Oy, branded as HMD, a new entity created earlier this year, is also a Finnish company. FIH Mobile Ltd manufactures iPhones for Apple. It is a subsidiary of the Taiwanese multinational electronics contract manufacturer Hon Hai Precision Industry Co Ltd., trading as Foxconn Technology Group. HMD signed an exclusive agreement with Nokia that entitles it to use Nokia’s brand and patents for next 10 years. Therefore, Nokia will be the owner of the brand and oversee the production.

HMD will make new phones alongside the existing Nokia branded feature phones. The first batch of Nokia branded Android smartphones will hit the market in the first half of 2017. However, unveil the model names and specifications of the new smartphones are yet to be revealed.

From Microsoft to HMD: Rumors of Android powered Nokia phones surfaced back in May 2016 when Microsoft sold the feature phone business to FIH Mobile Ltd & HMD Global Oy for $350 million. On closing of the deal Microsoft transferred all its feature phone assets, brands, services, care network and other assets. As part of the deal FIH Mobile Ltd also acquired Microsoft’s production facility in Vietnam. As a matter of fact, Microsoft had bought Nokia’s mobile phone business 2 years ago for $7.2 billion.  However, Microsoft will continue to produce its own Windows devices with the help of its OEM (Original Equipment Manufacturer) partners like Acer, Alcatel, HP, Trinity & Vaio.

Nokia Is All Set To Make A Comeback !

Most Popular articles

11 Games That Can Add More Fun To Any Event!

People are the soul of any event. They begin,...

What is veal and why is it unethical to use it? 

A highly valued food item that is frequently featured...

7 Effects That Will Blow Your Mind

The universe functions in mysterious ways. A small change...

The Top 10 Best Blues Movies of All Time

Hollywood’s record of producing films about the music genre...

Top 5 places in Maharashtra to spot Iconic Flamingos

Flamingos are the one the most flamboyant migratory birds...

Recent articles

What is veal and why is it unethical to use it? 

A highly valued food item that is frequently featured...

Rasmalai Cake | Rasmalai Cake Recipe | Benefits

Hey there, sweet tooth squad! Let's talk about something...

Top 20 Vegan Movies

Veganism is portrayed in vegan movies as more than...

Top 10 Must-Watch Philosophical Movies

Philosophy as a discipline has always mesmerized people with...

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: