Nokia Bound to Surge Amid New Phone Launch

On Monday, Nokia rose amid a new smartphone launch, together with HMD Global, bringing back minor self-repair abilities.

Its stock price dropped by -1.51% to $4.58 per share on February 24. However, it is expected to rise by 0.44% to $4.60 apiece in the upcoming session.

The new device is called the Nokia G22. It is designed for consumers to mend broken screens, charging ports, or a flat battery.

According to HMD Global, the process of self-fixing is easy. Also, it anticipates a growth in demand for smartphones in Europe. The company considers the move as a way to decrease its carbon footprint and have phone security and privacy assurance.

Furthermore, the Nokia G22 is available in Meteor Gray and Lagoon Blue and will go on sale from March 08. The design that comes with 4GB RAM and 128GB storage will be priced at around £149.99. Moreover, there will be a 256GB storage option.

With repairability in mind, the G22 collaborates with a significant self-repair company, iFixit.

Through the partnership, it is the first phone from Nokia to have complete restoration solutions from the firm. Not only does it provide repair guides but Fix Kits as well as spare parts.

In addition, if a user attempts to mend using the materials from iFixit, it is considered an authorized repair. Therefore, this self-fixing would not affect the phone’s official warranty.

New Identity for Nokia Shown Through a New Logo

On Sunday, Nokia reported that it plans to alter its brand’s identity for the first time in almost 60 years. It will have a new logo as it focuses on more remarkable growth.

The brand-new logo includes five different shapes, which would form the word Nokia. In addition, the classic blue color of the old logo has been replaced by various colors depending on the use.

According to Chief Executive Pekka Lundmark, they had an incredible 21.00% surge last year, earning $2.11 billion. The telecom equipment provider plans on taking the latest reading into double digits as quickly as possible.

Furthermore, Nokia plans to study the rising path of its many businesses and consider alternatives. The alterations can include divestment if necessary.