Daily Management Review

Surging Demand For Video-Streaming Targeted By New Nokia 8 Phone


08/17/2017




Surging Demand For Video-Streaming Targeted By New Nokia 8 Phone
Hoping to cash in on rising consumer demand for high-quality audio and video features, HMD Global, the Finnish start-up looking to reinvigorate the Nokia phone brand, unveiled the Nokia 8 on Wednesday.
 
With Apple's highly anticipated 10th anniversary iPhone also expected next month and Samsung's Galaxy Note 8 set to hit the market next week, the Android device, due out in September, will potentially beat rivals on price but will still face fierce competition.
 
The Nokia 8 undercuts Apple with a suggested price tag of around 599 euros ($703). This is so because Apple charges hundreds of euros for memory and key features even though it typically offers a stripped down version of its latest phones for a similar price.
 
Simultaneous live-streaming on social media networks from both front and rear cameras on a split screen is enabled by the new top-of-the-line Nokia sports a dual-sight video feature. It has licensed lens technology from camera maker Zeiss.
 
HMD made a splash in May when it revived Nokia's classic 3310 feature handset in new brightly colored versions after it set up late last year and this is the most high-end phone so far from HMD.
 
Surround-sound audio technology made for Nokia's own virtual reality camera OZO for Hollywood professionals are also among the other features of the Nokia 8, which will also compete with Huawei's recently launched P10.
 
"This is especially meant for millennial creators, people who want to share what's happening every day," HMD's chief marketing officer Pekka Rantala said.
 
Foxconn acquired the manufacturing and distribution assets of the former Nokia phone business from Microsoft last year and a unit of the company are building the HMD products.
 
Nokia Oyj, once the world's dominant phonemaker, sold its handset operations to Microsoft in 2014, leaving it to focus on telecoms network equipment.
 
Jean-Francois Baril, a long-serving former senior vice president of Nokia, manages Smart Connect LP, a private equity fund, which is the owner of HMD. It has a licensing deal giving it sole use of the Nokia brand on all phones and tablets and it took over the Nokia feature phones business in December.
 
It has so far launched four smartphones and five feature phones, including the 3310.
 
While declining to disclose any sales figures yet, Rantala said he was happy with initial sales of the previous smartphones.
 
For the brand and patents, HMD will pay Nokia royalties.
 
without elaborating, HMD announced that its CEO Arto Nummela, a former Nokia executive, was leaving the company for personal reasons last month.
 
(Source:www.reuters.com) 






Science & Technology

Germany Introduces The First Ever Train To Run On 100% Hydrogen

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

Fuchsia will kill Android by 2023: Top 5 facts about the new OS

New Study Finds Goats Interact More With Happy People

More than 32 thousand "smart" houses under threat of hacker attack

Internet addiction and children: Global plague

Apple takes up to develop Apple Watch for health monitoring

Hyperloop is growing in Europe

Analysts: US gamers prefer mobile games

Google Assistant Winner Of Head-To-Head Test Of Digital Assistants, Beats Siri And Alexa

World Politics

World & Politics

Ex-Brexit Minister Said A ‘Reset’ Is Needed For Brexit Talks

10 countries with the best healthcare systems

Foreign Experts To Be Allowed By North Korea For Permanent Destruction Of Missile Sites

Ireland recovers €14.3 billion from Apple

Is China going to cancel its birth limit policy?

The US is ready to start negotiations with China

US and China start 5G race

Is Czech Republic posing a threat to the European Union?