Depending on where you stand, either your dream or nightmare is coming to life, Nokia today has announced that they will license the usage of their name on Android phones to be produced by a Finnish company called HMD Global Oy. HMD has announced that they will invest $500 million in making these upcoming Smartphone devices, at the helm of HMD will be Arto Nummela as CEO, who is currently head of Mobile divisions at Microsoft; meaning there will probably be a lot of goals, designs and thoughts shared between the original Nokia, Microsoft and now HMD.
Furthermore, to ensure that HMD doesn’t pump out any garbage Android phone and slap the Nokia branding on it, Nokia itself will have a say in what devices are produced, along with “mandatory brand requirements and performance related provisions.” to ensure the brand name itself doesn’t devolve into nothing more than a sticker.
On the other hand of this shake-up, Microsoft have sold off the feature phone division which it acquired from Nokia (along with the brand name for feature phones) to Foxconn, the Chinese manufacturing company best known for their involvement in producing Apple’s iPhone. The sale of the feature phone division includes transferring over 4,500 employees to Foxconn while Microsoft are set to make $350 million in the process.