230 Million Dollar Investment in HMD Global from Google and Qualcomm

Once the number 1 smartphone brand nokia, could not keep up with the trends as smartphones began to become widespread and eventually disappeared from the market. First of all, it could not hold on to the market on its own. Microsoft The mobile phone 'giant', which was included in the company, started to produce new generation smartphones under the umbrella of HMD Global, as things did not go well here either.

To be honest Nokia, HMD Global It has accomplished successful projects from time to time under its umbrella, and although it was not among the best, it managed to become one of the most followed brands in the market. However, since designing, developing and producing smartphones is a costly business, limited edition sale, raised limited funds, and smartphone operations slowed at HMD Global.

New investment could help Nokia increase market share

Still, it may be at the beginning of a new period of rise for Nokia. Dominator of the mobile processor market Qualcomm with technology giant Googleto HMD Global, Nokia's umbrella company $230 million It made investments worth (1.6 billion TL). Thus, HMD Global's smartphone operations can be revived.

HMD Global launches its first 5G supported smartphone Nokia 8.3Although it introduced the device in recent months, it has not yet released the device. With the new investment it has received, the company can offer its 5G smartphone to consumers and make Nokia more popular in the market. its revival can provide. According to Counterpoint Research, Nokia is the 13th best-selling brand in the smartphone market, and the new investment could enable the company to develop devices that will make it into the top 10.