• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechHMD Global

Nokia Updates Smartphone Line With Affordable New Models

By
Aaron Pressman
Aaron Pressman
Down Arrow Button Icon
By
Aaron Pressman
Aaron Pressman
Down Arrow Button Icon
May 29, 2018, 2:36 PM ET

The return of the Nokia brand in phones rolled forward on Tuesday, with a series of updated devices. HMD Global, the Finnish startup run by former Nokia execs that makes the branded phones under license, introduced three new Nokia smartphone models running Google’s Android software at an event in Moscow. The upgraded phones get the Google Assistant for the first time.

Leading the pack is an update of the company’s Nokia 5, dubbed the Nokia 5.1. The device this year has a slightly larger 5.5-inch screen in a slightly thinner body. HMD says the phone’s MediaTek Helio P18 processor offers 40% faster performance than last year’s Snapdragon 430 chip from Qualcomm. The back camera has also been improved with higher resolution on the phone, which will start at 189 euro, or $218.

In the middle tier, last year’s Nokia 3 gets upgraded to the Nokia 3.1. It also gets a slightly larger screen, now up to 5.2 inches, a faster processor and upgraded camera. HMD said last year’s Nokia 3 was its most popular selling smartphone, and the new model will likely do just as well at a starting price of 139 euro, or about $160.

Get Data Sheet, Fortune’s technology newsletter.

And at the bottom, HMD upgraded its Nokia 2 phone, only seven months after it was introduced, to the Nokia 2.1. The new model gains a larger 5.5-inch screen and a Qualcomm Snapdragon 425 processor, giving it a 50% speed boost over the original. It is priced at $115.

All three new phones are scheduled to hit the markets initially in July. Only the 2.1 and 3.1 are expected for the U.S. market, likely by August, an HMD spokesperson said.

The startup reignited the once dominant Nokia brand last year with a series of all-new smartphones and revived simpler phones from some years back. In a $100 million fundraising round last month, HMD was valued at more than $1 billion. CEO Florian Seiche, who worked at Nokia, HTC and Microsoft before helping found HMD, has said the company aims to rank among the top smartphone makers worldwide. HMD had a net loss of $77 million on sales of $2.1 billion last year after shipping 70 million phones, and plans to use the cash infusion to expand its device portfolio and retail reach.

About the Author
By Aaron Pressman
See full bioRight Arrow Button Icon

Latest in Tech

NewslettersCIO Intelligence
Inside tractor maker CNH’s push to bring more artificial intelligence to the farm
By John KellDecember 10, 2025
3 hours ago
NewslettersTerm Sheet
5 VCs sounds off on the AI question du jour
By Amanda GerutDecember 10, 2025
4 hours ago
Databricks co-founder and CEO Ali Ghodsi (right) with Fortune editorial director Andrew Nusca at Fortune Brainstorm AI 2025 in San Francisco. (Photo: Stuart Isett/Fortune)
NewslettersFortune Tech
How Databricks could achieve a trillion-dollar valuation
By Andrew NuscaDecember 10, 2025
5 hours ago
Zhenghua Yang
SuccessSmall Business
At 18, doctors gave him three hours to live. He played video games from his hospital bed—and now, he’s built a $10 million-a-year video game studio
By Preston ForeDecember 10, 2025
5 hours ago
AsiaCoupang
Coupang CEO resigns over historic South Korean data breach
By Yoolim Lee and BloombergDecember 10, 2025
7 hours ago
AIpalantir
New contract shows Palantir is working on a tech platform for another federal agency that works with ICE
By Jessica MathewsDecember 9, 2025
15 hours ago

Most Popular

placeholder alt text
Economy
‘Fodder for a recession’: Top economist Mark Zandi warns about so many Americans ‘already living on the financial edge’ in a K-shaped economy 
By Eva RoytburgDecember 9, 2025
18 hours ago
placeholder alt text
Success
When David Ellison was 13, his billionaire father Larry bought him a plane. He competed in air shows before leaving it to become a Hollywood executive
By Dave SmithDecember 9, 2025
1 day ago
placeholder alt text
Banking
Jamie Dimon taps Jeff Bezos, Michael Dell, and Ford CEO Jim Farley to advise JPMorgan's $1.5 trillion national security initiative
By Nino PaoliDecember 9, 2025
20 hours ago
placeholder alt text
Uncategorized
Transforming customer support through intelligent AI operations
By Lauren ChomiukNovember 26, 2025
14 days ago
placeholder alt text
Politics
Exclusive: U.S. businesses are getting throttled by the drop in tourism from Canada: 'I can count the number of Canadian visitors on one hand'
By Dave SmithDecember 10, 2025
3 hours ago
placeholder alt text
Economy
The 'forever layoffs' era hits a recession trigger as corporates sack 1.1 million workers through November
By Nick Lichtenberg and Eva RoytburgDecember 9, 2025
1 day ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.