Officially Confirmed : Nokia is Returning to Smartphone Market in 2017

Hell Yeah!

The headquarters of Finnish telecom equipment group Nokia in Espoo is pictured on January 29, 2015. The company presented its business report for the year 2014. AFP PHOTO / LEHTIKUVA / Roni Rekomaa *** FINLAND OUT *** (Photo credit should read Roni Rekomaa/AFP/Getty Images)

Nokia! Did you get that marvelous feeling in the mind after listening to this name? On the off chance that Yes, then you are truly an enthusiast of Nokia. Nokia may have gone vanished for a few years after Microsoft ceased their bradning on Lumia devices yet the affection for Nokia isn’t over yet. The company made an arrival in 2014 by launching a tablet however not long after it, no new Nokia gadget was propelled yet a hell lot of rumors were heard. This year, Nokia is a standout amongst the most discussed topics in Tech world on the grounds that the company has as of now said that ‘Nokia is returning’.

READ : This could be the Design of Upcoming Nokia Smartphone!


Nokia is Returning

If you aren’t aware, Nokia is not going to manufacture the phones themselves but rather they have worked together with HMD Global and Foxconn. In this way, the phones will have just Nokia’s branding. Coming to today’s news, 15th November was Nokia’s Capital Market day of 2016 for the financial specialists . A slide was revealed today ( Thanks to NokiaPowerUser ) which demonstrates the company’s plans for the future. The slide demonstrates that Nokia is all set to launch new smartphones in 2017.

Nokia is Returning

Here is how the whole plan of Nokia will work. The company has partnered with Foxconn and HMD Global. Foxconn will manufacture the smartphones whereas HMD Global will Develop, Market and Sell Nokia-branded phones & accessories.HMD has agreed to invest a minimum of €500 Million in Marketing for 3 Years. It is a 10 years exclusive agreement between the companies so hopefully, a lot of Nokia devices are now coming in upcoming years.

What is your reaction on this? Are you excited because Nokia is returning? Do let us know in the comments section. :)

SOURCES : NokiaPowerUser, Download Slide in PDF, Official Page

Written by Arvind Rana

A 17-years Old Passionate Geek, Co-Founder and Senior Editor of ‘The Chipped’. An avid Real Madrid Fan and fond of writing about tech. You can follow him on his social networks :)

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