Ex-employees of Nokia Corporation (ADR) (NYSE:NOK) founds Jolla that fueling the development of SailFishOS, now they appears to enter in the smartphone market later this year, the company is once more turning to the Finnish mobile giant, or as a minimum to the design agency that gave so many of Nokia’s famous products.

Jolla is collaborating with Finland’s Infinity, the firm that designed Nokia’s E-series phones. It is expected that Infinity will persist this tradition for the first ever SailFishOS phone. The firm, previously known as Provoke, declared an entry on its blog declaring the partnership and reported that “there’s current stuff to follow!”

On the other side, Nokia has today release officially the “Nokia Lumia 620” in India, the budget Lumia for the Indian market.

Nokia said on its facebook page today that Lumia 620 has a 1 GHz dual-core processor to provide user an amazing gaming experience. With this, the firm has detached the ‘coming soon’ tag from the Nokia Lumia on its website.

Nokia Corporation (ADR) (NYSE:NOK) stock in last session held volume of 29.72 million shares as compare to its average volume of 46.28 million shares. The stock after opening at $3.61 hit high price of $3.65 and then closed at $3.62 by falling -1.63%.

Looking at the revenue measures, the company generated sales of 39.24 billion in last twelve months with income of $-4039.06 million. The Company showed a negative -12.56% in the net profit margin and its operating margin is calculated as -7.63%. Company’s annual sales growth for the past five years was -9.98%.

NOK past twelve months price to sales ratio was 0.35 and price to cash ratio recorded as 1.03. As far as the returns are concern, NOK return on equity recorded as -31.16% while its return on assets stayed at -11.46%.