Nokia-branded smartphone has chosen china’s market for the launch of its smartphone

According to the latest reports the very first Nokia-branded smartphone is set to be lunched exclusively in China.

The upcoming device reportedly will be promoted in corporation with the local internet retail company

Nokia’s team said in a statement that it believed the smartphones “premium design” would appeal to the local market.

The pronouncement accorded with the final day of the CES tech show in Las Vegas, where other new cellular phones and gadgets have been launched.

Meanwhile Nokia have stopped making phones that carry its name but has instead licensed its brand to another Finnish company, HMD Global.

Until now the only phones that had been out under the deal had been more basic “feature phone” models.

HMD Global may wait to reveal details of Android smartphones for other markets until next month in Barcelona

This Android device had been highly foreseen and marks one giant in the space Nokia’s return to the smartphone market after a series of Windows Phone models. Microsoft for the very short period used the brand for about a year after takeover of Nokia’s mobile devices unit in 2014.

Before the arrival of iPhone Nokia completely controlled the mobile phone market, and the subsequent release of Google’s Android operating system.

Meanwhile HMD Global had in the past showed it would release several Nokia-branded Android phones in 2017.

Furthermore the company is poised to offer more details of at least some of the other upcoming models at another trade show at Barcelona in February.

“The decision by HMD to launch its first Android smartphone into China is a reflection of the desire to meet the real world needs of consumers in different markets around the world,” the firm said in a statement.

Nokia Corp (NYSE:NOK) is wary of plunge in Network Sales during next year 2017

Telecom giant Nokia Corp (NYSE:NOK) announced in a statement that the company is expecting its networks business to fall more in 2017. However it is trying at its best to get more cost efficient as it scuffles with frail demand and severe competition.

Finland based Nokia is now predicting upcoming yearly net sales of networks, its core business, to come down in line with its principal addressable market, which it projected to decline by a low single digit percentage. The firm highlighted this caution in an investor meeting in Barcelona on Tuesday.

Meanwhile company said the outlook was highly affected by “competitive industry dynamics,” and the “timing of major network deployments,” among other things.

The telecom-gear industry recently has been suffering by slackening demand by telecom carriers, as most of them have closed rolling out of latest-generation wireless networks, or 4G. Meanwhile, company’s like Nokia and its European peer Ericsson AB of Sweden are battling solid race with the Chinese companies, such as Huawei Technologies Co.

Nokia recently announced a third-quarter net loss and a 12% year-over-year decline in network sales.

Moreover Rajeev Suri, Nokia’s chief executive, said in a statement that the company is well on course to the target of  saving EUR1.2 billion ($1.3 billion) every year by 2018, but added that reform and other charges connected to it are expected to sum to EUR1.7 billion, in contrast with a prediction of EUR1.2 billion earlier.

Furthermore the Finnish company said the update stalks from plans to ease a more difficult –than anticipated market environment, with added transformation initiatives, like better streamlining of sales costs and enhancing the use of its numerous sites.

Nokia recently have taken over its French rival Alcatel-Lucent SA, a company famous for fixed internet gear such as routers and switches to boost its range to provide products for the telecom carriers

Nokia (NYSE:NOK) also said that it is looking to surge its operating margin for its networks business next year to between 8% and 10%, from a predicted margin of 7% to 9% for full-year 2016. Nokia also aims a long-term operating margin for its business of between 10% and 15%.