Hi all, I had a quick look to see if FIH Mobile had released their preliminary annual report yet (they haven't) but I did notice they issued two notices that they are investing money in subsidiaries which are involved in smartphones:
I had a quick look to see if FIH Mobile had released their preliminary annual report yet (they haven't) but I did notice they issued two notices that they are investing money in subsidiaries which are involved in smartphones:
TNS Mobile India:
Rising Stars Mobile India:
TNS Mobile is a not-well-known but very important part of the revival of Nokia phones by HMD Global. When Microsoft sold their mobile division, they sold a small part to HMD and a much larger part (~90% IIRC) to FIH Mobile. FIH Mobile established TNS Mobile as a subsidiary to what they had purchased from Microsoft, except possibly the phone factories (I don't know exactly which company owns the phone factories). FIH Mobile is also a significant investor in HMD.
This time last year, HMD and FIH Mobile revealed that they were changing their strategy and from then on, not all Nokia smartphones would be produced by FIH Mobile. In fact, since the 9 PureView, I don't think any Nokia smartphones have been made by FIH Mobile; I think this is also why Nokia appear to have completely disappeared from the market in China. FIH Mobile announced they were stopping their logistics and distribution business, which I and others assumed meant that TNS Mobile was being shut down... but it appears that this is not the case! So, what are TNS still doing in India? Are TNS still active elsewhere? 🤨
Rising Stars is an electronics manufacturer and they manufacture various things including phones. Maybe they own the phone factories? They are part of another subsidiary of FIH Mobile called Wonderful Stars, and honestly the corporate structure of FIH Mobile and the wider Hon Hai group (Foxconn) probably needs a PhD to understand! 😫
FIH Mobile also own Sharp and InFocus brands for smartphones, neither of which are as well known as Nokia but maybe FIH is using TNS to support development of those brands? 🤔
Please all share your ideas and speculation about what these activities by FIH Mobile mean for Nokia phones - no matter how wild! 😂
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