Nokia is staging a return to the smartphone market early next year. Technically, Finland-based HMD Global will be producing the phones under license from Nokia for the next 10 years.

PhoneArena reported the Nokia-branded Android smartphone will be unveiled during eh Mobile World Congress in February next year. Aside from having a rumored QHD resolution display, the new phone codenamed Nokia D1C will have two versions that will be based on the amount of memory and screen size and its camera.

Nokia 2017 common specs

Both rumored models will feature a 1.4GHz Qualcomm Snapdragon 430 accompanied by an Adreno 505 GPU, and an 8-megapixel front camera. The new Nokia will also feature 16GB of storage and run on Android 7.0 Nougat according to Trusted Reviews. The report also speculated that it might run on Android 6.0 Marshmallow or Android 8.0 if HMD misses its release target within the first half of 2017.

Nokia 2017 variants

The new Nokia phones as said will have two variants the low-end variant will have a 5-inch full HD screen, 2GB of RAM, and a 13-megapixel main camera. The high-end variant will reportedly have a 5.5-inch full HD screen, 3GB of RAM, and a 16-megapixel camera.

Nokia 2017 surprising price

The surprising detail is that the low-end Nokia will be priced at only $150 and the high-end version will be priced at only $200. With prices that low, it is safe to assume that the aggressive pricing strategy being adopted for the new Nokia is to seize as much market share it can get.

It is also safe to surmise that the price will eventually level out once the Nokia brand is re-established paving the way for a first-ever Nokia-branded flagship smartphone. As reported earlier, HMD will be producing Nokia phones on a $500 million investment to pump up global marketing and revitalize the Nokia brand within the next three years.