HMD Global announces entry into mobile phone market
While we already knew about Nokia’s plans to re-enter the smartphone market, the company has now announced the move and its future plans.
HMD Global, which had signed a strategic licensing agreement with Nokia to sell Nokia-branded feature phones, Android smartphones and tablets for the next ten years, has announced that it has officially entered the market. It also revealed its plans of releasing a new generation of mobile phones to consumers, with the first smartphone products set to be launched in the first half of 2017.
HMD Global has already confirmed its appearance at the MWC that is scheduled between February 27th and March 2nd in Barcelona. The company is also expected to carry forward the existing Nokia branded feature phone business. It said that it is already in leading position in the feature phone market and has a significant global foothold including Americas, Europe, Asia, Middle East, Africa, India and China from day one.