Nokia phone maker HMD is launching its own smartphone brand [The Verge]
Nokia Corporation Sponsored American Depositary Shares (NOK)
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Source: The Verge
HMD Global, the Finnish company best known for producing Nokia-branded smartphones, has revealed plans to launch its own line of mobile devices. On Monday, HMD Global CEO Jean-Francois Barilannounced on Linkedin“It has been a great journey as ‘HMD – the home of Nokia phones’ – an exclusive position we have held for the past six years,” said Baril. “Now we are ready for the next step on our journey - to enter the market independently as a force to create a new world for telecommunications focused on consumer needs.”HMD Global hasn’t provided a release timeline for its new smartphone brand yet.No additional information has been provided regarding the new HMD products, nor any hints at a potential release date. We have reached out to HMD Global to request further details and will update this story should we hear back.HMD Global was formed after Microsoftrelinquished its rights to the Nokia brand in 2016Nokia-branded phones like the Nokia C32 released by HMD have largely sat in the budget
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