HMD raises $100 million to bring even more Nokia phones


HMD raises $100 million to bring even more Nokia phones to market


HMD international has been one amongst the mobile world’s biggest surprise hits in recent years. based by former Nokia execs, the Finnish company has created a reputation for itself renewing the dearly departed whole on automaton smartphones to nice impact. And it simply managed to lift another $100 million, crystal rectifier by Ginko Ventures’ Alpha Ginko VC branch.

The new spherical puts the company’s valuation at over $1 billion, in keeping with an HMD. It’s set to use this latest spherical to push even additional “aggressively” into the mobile class with its branded devices, “doubl[ing] down on increasing channel reach in strategic markets whereas continued to deliver innovation wherever it matters most to customers.”

Not that the company’s been cautious in its push to this point, of course. HMD already encompasses a ton of choices out there for a business that’s basically been alive for a year and a [*fr1]. At MWC back in Feb, it declared 5 new phones sporting the inheritance whole, as well as a bring up of the 8110. the corporate has conjointly been positioning itself in developing markets, wherever the Nokia name still encompasses an honest quantity of cache, by wholeheartedly adopting Google’s automaton One program.

It’s a difficult line to run, between the associate embrace of retro appreciation and an effort to supply innovation. continued its made run goes to want over simply taking part in upon user longing for a bygone whole.


The question moving forward is whether or not HMD is going to be ready to affirm Nokia as a very bleeding-edge whole because it continues to flood the market with branded devices. After all, the smartphone market is beginning to highland and far of the competition has begun to cut back their releases.
HMD raises $100 million to bring even more Nokia phones  HMD raises $100 million to bring even more Nokia phones Reviewed by ali on May 21, 2018 Rating: 5

No comments:

Powered by Blogger.