Nokia On A Comeback Trail With Nokia 6 In The US, Next Month

Nokia (HE:NOKIA) Corporation (NYSE:NOK) is on its way back to the U.S. HMD Global, the Finland-based company (which had acquired the rights to sell Nokia smartphones last year) has recently announced that Nokia 6 phones would be sold in the U.S. from early next month. The phones, costing $229 each, will be sold through Amazon (NASDAQ:AMZN) .

The gadget will feature a 5.5 inch 1080p display, Qualcomm’s (NASDAQ:QCOM) Snapdragon 430 chip, 3 GB RAM and several other advanced features. The phone is quite a promising one, given its price. It is also loaded withAndroid 7 Nougat.

This version of Nokia is devoid of any add-ons which otherwise threaten to occupy space and hinder performances on other third-party Android devices. Thus, the phone should derive an optimum value from its hardware.

HMD Global has launched Nokia-branded phones ever since it acquired the brand’s selling rights. The idea is similar to BlackBerry (NASDAQ:BBRY) phones, sold by the Chinese brand TCL Communications.

Nokia was also in news recently, when it inked a deal with Infracapital, the infrastructural arm of M&G Investments, to introduce a high-speed fiber broadband service to central and northern Poland. This move was part of the Digital Poland 2014-2020 program. The service is expected to serve nearly 400,000 homes and approximately 2,500 schools in the rural areas of central and northern Poland.

Zacks Rank

Nokia currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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