Espoo, Finland – Nokia confirms that the strategic agreement covering branding rights and intellectual property licensing with HMD Global Oy (HMD), originally announced on May 18, 2016 has come into force.
HMD has today announced the completion of transactions between HMD, FIH Mobile Limited (a subsidiary of Hon Hai Precision Industries trading as Foxconn Technology Group) and Microsoft, which means that HMD can begin operations as the new home of Nokia phones, under an exclusive global brand license1 for the next ten years.
Nokia branded feature phones remain one of the most popular choices of mobile phone in many markets around the world today and HMD will continue to market them as part of an integrated portfolio, alongside a new range of smartphones and tablets to be announced later by HMD.
Under the agreement, Nokia will receive royalty payments from HMD for sales of every Nokia branded mobile phone and tablet, covering both brand and intellectual property rights. Nokia is not an investor or shareholder in HMD.
Brad Rodrigues, interim president of Nokia Technologies, said:
“We’ve been overwhelmed by the enthusiasm shown around the world for the return of the Nokia brand to smartphones. The HMD Global team has the ambition, talent and resources to bring a new generation of Nokia branded phones to market, and we wish them every success. I’m sure our millions of Nokia fans will be excited to see their new products!”
Today also sees the return of Nokia branded phones to the Nokia website at www.nokia.com/phones. The website for Nokia phones is operated by HMD.
Citing data from market research firm NPD, Microsoft has revealed that Xbox One is the best-selling game console in the United States in October. With this, Xbox One has sold more consoles than Sony PS4 for four consecutive months. In addition, the Xbox One is also the best-selling game console last month in the UK and Australia as well.
Xbox One is the best-selling console in the United States over the past four months ago, and in the UK and Australia two months ago.
With the introduction of the new Xbox One S, the market share is expected to be strong due to the 40% console size smaller than before.
In the new released video, Nintendo unveil new console called Nintendo Switch which have different concept from previous generation console. It not also bring single and multiplayer fun at home but also allows player to play the title wherever, whenever and with whomever they choose.
Nintendo console is located in the Dock to connect the system to your TV and lets you play with family and friends in the comfort of your living room. By simply lifting the Nintendo Switch from the Dock, the system will immediately switch to mobile mode, and experience the same great game that is enjoyed at home are now moving with you. Nintendo Switch portability is enhanced with high-definition display which is brighter than before. It brings the console game system with you to the park, on the plane, in the car, or to the apartment of friends.
Joy-Con (Controller) can be removed from both sides of the Nintendo Switch. So there are 2 Joy-Con that allow both game play or connect only 2 Joy-Con is to be full Controller.