Android phones by Nokia to be introduced by June

Company News | Business | Markets 12/1/2016, 3:12 PM
Android phones by Nokia to be introduced by June

After announcing in May it is independently returning to the mobile segment in a partnership, once the world's leading cellphone manufacturer revealed devices powered by Android will hit the market by June. Nokia Oyj, headquartered in Espoo, Finland, will roll out the portfolio under its brand again but the project will be run by HMD Global Oy alongside the feature phones range, according to Thursday's stock exchange release. The relaunch under its own brand comes after Microsoft divested it to leave only Lumia devices, which run on Windows.

HMD is licensed to design and sell mobile devices under the brand for ten years, while Nokia will only collect royalty payments. Tablets will also be introduced, the companies have announced. The statement adds HMD also operates the phones section of the website. BBC reported the partner firm still counts on sales of older models, the feature phones, despite a decline of 15% per year. The mobile devices will be manufactured by Foxconn in China and Vietnam.

TeleTrader Newsroom / IT


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