Finland’s HMD Global gets Nokia mobile devices back on stage.
NOSTALGIA hung heavy at the re-launch of the once-ubiquitous Nokia 3310 in May. With many new features and marketed by a different company, HMD Global Oy, it was not quite the same model that had taken the country by storm in the early 2000s, but the look and feel were similar, and that was all that mattered. “It is not a comeback as Nokia never left India,” says Arto Nummela, CEO, HMD Global. “Nokia branded feature phones have been selling in India all the while, but now we will be scripting a new chapter.”
Nummela may be factually correct but in fact, given the upheavals Nokia underwent in the last few years, its products had practically disappeared in India. It was a sorry comedown for a company whose handsets were used to make the first-ever mobile phone call in the country on July 31, 1995, and which, as late as 2007, held 60 per cent market share. Nokia suffered as its smartphone forays, using the Symbian 3 and Meego operating system and later Microsoft’s Windows Mobile operating system, could not keep pace with Apple and Samsung. With market share dwindling worldwide, it sold its devices and services business to Microsoft in late 2013, but even Microsoft – which dropped the Nokia brand and rechristened the phones Microsoft Lumia – could do nothing with it.
This story is from the July 02, 2017 edition of Business Today.
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This story is from the July 02, 2017 edition of Business Today.
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