The similar issues discussed were Nokia Mobile’s commitment in making India a manufacturing and distribution hub for Nokia phones, with deals with “home-grown contract Electronics Manufacturing Services” like Lava and Dixon. ET’s article also says that Nokia Mobile is preparing a more affordable 5G smartphone for 2021, which was also indicated with the recent launch of Qualcomm’s Snapdragon 480.
A new tidbit mentioned in the interview regards Nokia Mobile’s performance in India. While we didn’t get any numbers regarding financial results, Mr. Kochhar said “We had a sustainable and profitable year in India in 2020.”, and that it is about it. Considering HMD Global isn’t a publicly traded company, it is hard to verify financial statements, but it is good to know that in a challenging year like 2020, operations in India where in the green according to the VP.
While I am somewhat excited for an affordable 5G smartphone, I still crave for a top of the line, high-end Nokia flagship device. The Nokia 8.3 5G was a good step in that direction, but there are aspects to improve. I’m not insisting on a 1000 dollars price tag, but offering a high end package for 700 dollars is also ok, because I feel most of the recently announced devices target the budget segment, that is attractive to a wide portion of the market, but you cannot really show the best you can do on a budget handset. What do you think?