Nokia expects to recognize the revenue related to this new patent license agreement starting in January 2024. The agreement is consistent with the assumptions Nokia has disclosed in the commentary with respect to Nokia Technologies long-term outlook in its Financial Report for Q1 issued on April 20, 2023.
HMD Global is the new mobile phone brand12. 09. 2023 Tuesday / By: Robert Denes / Business / Exact time: BST / Print this page
HMD Global is the new mobile brand in our mobile world, as announced by Jean-Francois Baril, co-founder and CEO of HMD Global Oy, in his Linkedin post. The post does not specify the date of the new phone announcement, but in addition to Nokia devices, HMD-branded devices will also be introduced.
Jean-Francois Baril, co-founder, president and CEO of HMD Global Oy: "I am pleased to announce a significant milestone in HMD's development - we are creating an original HMD brand. For the new portfolio of HMD-branded mobile devices, as well as for Nokia devices and exciting new you can count on cooperation with partners.
True to our values, HMD continues to design a more sustainable and affordable future for people. We build technology that is obsessed with user experience and anticipates people's needs.
I would like to express my heartfelt thanks to all our employees, customers, partners and investors for their past and future support. Like many businesses, we faced unprecedented pressures in 2022 with the ongoing effects of the pandemic impacting global supply chains, as well as high inflation and economic instability affecting consumer purchasing power. We reacted quickly, restructured our business, and we see positive momentum in 2023 – our repairability, sustainability and detoxification products are incredibly popular with both the consumer and business audiences.
It has been a great journey as 'HMD - the home of Nokia phones' is the exclusive position we have held for the past six years. We are now the fastest growing 5G smartphone manufacturer year over year, a leader in sustainability with our repairable devices, and the best choice for digital detox. Now we are ready for the next step in our journey - to enter the market independently to create a new world of telecommunications focused on consumer needs.
At HMD, we are proud to have extensive worldwide distribution and operational networks, secure in-house software and R&D capabilities, a comprehensive enterprise solutions portfolio, a scalable e-commerce platform and a team of experienced industry professionals. HMD is one of the largest mobile phone companies in Europe, we have been storing our customer and company data here since 2019, and this year we will start production in Europe.
With a strong commitment to bringing high-quality, affordable mobile devices to consumers, all of us at HMD are excited about the future of designing innovative products that last, reduce electronic waste, and help people keep their mobile devices. for a longer period of time and has a positive effect on the planet."
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