HMD has positioned Nokia’s latest releases to fit in the low-to-mid-range category
There was nothing said in the announcement that would indicate how HMD-branded handsets might differ from those with the Nokia brand. Recent Nokia models have been low-priced budget models or mid-range devices. A good example is the Nokia C300 which was released in June with a 6.5-inch HD display (720 x 1600 resolution, 60Hz refresh rate) and equipped with a Snapdragon 662 chipset.
HMD Global was created from the Nokia phone business that Nokia sold to Microsoft in 2014 and repurchased in 2016 by Foxconn founder Terry Gou who is the majority owner of HMD Global. One thing that you can count on is that Foxconn will be assembling the new HMD-branded phones.