Nokia Oyj (ADR) (NYSE:NOK) Makes a Comeback With Android Smartphones

Nokia Corp

The stock of Nokia Oyj (ADR) (NYSE:NOK) closed at $5.91 losing 0.34% in yesterday’s trading session. The Nokia 3, Nokia 5, Nokia 6, and Nokia 8 have won the hearts of a lot of customers. If everything moves according to plan, two more Android-powered devices might be unveiled by the end of this year and seems like Nokia is determined to regain its lost glory.

The question that has been in constant circulation is regarding just how successful Nokia has been when it comes to retail sales. The answer to the question can be traced to HMD Global. This Finnish start-up has now been in operation for about a year but it has taken a back-seat when asked to provide hard numbers.

Pekka Rantal, HMD’s Chief Marketing Officer, opines, “…but we are really happy about the sales, we have been selling already millions of Nokia smartphones and tens of millions when it comes to basic Nokia phones.”

Anyone that needs the Nokia Mobile Support app can now access it in the Google Play App Store. This store serves all those in need with a public-facing indication of download numbers.

It goes without saying that indeed the Nokia handsets will be the first ones in a long list to take advantage of the Android Oreo update. It will be a lot easier to extrapolate HMD’s numbers from the uptake of the Android versions produced between October and November. Some of the officials hold a strong stand citing that this might turn out to be inaccurate considering that Oreo is propagated through the handsets of some other manufacturers.

From time to time the provider has been seen putting in place strategies and measures as well. It is laying a foundation that will see it rise again and become vibrant as it was before. But the company’s spokesperson doesn’t rule out the impact challenges might pose to the success of the company. He says that the company learnt from its past and this time around it is well prepared.

An ad to help with our costs