New Nokia Smartphone Set For Release In Early 2017
A new Nokia smartphone running Android is expected to launch in early 2017, with a recently established company securing exclusive licensing rights to the familiar brand.
The first Nokia smartphone since the Finland-based company sold its mobile business to Microsoft in 2014 will be sold by HMD Global Oy, also based in Finland. While Nokia Corporation does not invest directly in HMD, it has representatives on the company’s board to oversee performance and brand requirements.
HMD was established in May, and is primarily composed of former Nokia employees. Rights to the Nokia brand were included in the purchase of part of Microsoft Mobile’s feature phone business.
“This excitement of re-introducing this much-loved, well-known and trusted brand to smartphone consumers is a responsibility and an ambition that everyone at HMD shares,” said HMD CEO Arto Nummela.
A subsidiary of Foxconn, FIH Mobile Limited, will build the first smartphone, with HMD expected to announced a total of four new devices by the end of 2016. Nokia will receive royalty payments as HMD uses its patents, with HMD also able to take advantage of Nokia’s research and development properties.