As per a post made by a senior Foxconn executive on Weibo, the iPhone 8 'won't be cheap', as the custom-made OLED display for the device is proving difficult to manufacture, with a 40% failure rate.
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HMD's CEO says its new Nokia-branded Android smartphones will deliver "premium execution in each and every price point", but adds that "we're not going to be highlighting the megapixels or gigahertz".
Nearly three years after Nokia sold its mobile business to Microsoft, mobile phones have now returned to its site, along with the promise of new "Nokia smartphones running Android" in 2017.
