HMD Global
 |
|
|
Osakeyhtiö (Limited company) |
|
| Industry | Mobile phones |
| Predecessor |
Microsoft Mobile (Nokia-branded product business) |
| Founded | 18 May 2016 (announcement) 1 December 2016 (official) |
| Headquarters | Espoo, Finland |
|
Area served
|
Worldwide |
|
Key people
|
Arto Nummela (CEO) Florian Seiche (President) |
| Products | Mobile phones, smartphones |
| Brands | Nokia |
|
Number of employees
|
500+ |
| Website |
www www |
HMD Global Oy, branded as simply HMD, stylized as hmd., is a Finnish mobile phone maker. The company develops and markets smartphones and feature phones under the "Nokia" brand, to which it has exclusive rights. It was formed in May 2016 by buying Microsoft Mobile's feature phone business and the rights to the brand until 2024 through a licensing agreement with Nokia. The sale was completed in December 2016.
HMD is made up of veteran Nokia staff and is headed by CEO Arto Nummela, who previously spent 17 years at Nokia. It is headquartered in Espoo near Helsinki, in front of Nokia's headquarters. Their smartphones are based on the Android operating system, whereas their feature phones use Nokia's legacy Series 30+ platform. Manufacturing and distribution is outsourced to Foxconn's FIH Mobile division. Whilst Nokia itself does not directly invest in HMD, it has a board member representative, sets mandatory requirements, and receives royalty payments for patents.
Nokia Corporation was formerly the most popular mobile phone maker, and its brand eventually became a household name in certain markets. After internal struggles—and a failed series of Windows Phone smartphones which ultimately had only 1% of global market share—the company sold its mobile phone business to Microsoft in 2014, who then formed Microsoft Mobile. The "Nokia" brand continued to be used by Microsoft until it was retired for Lumia smartphones in October 2014, but remaining for feature phones. Despite their downfall, Nokia's brand was still widely trusted and recognized.
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Wikipedia