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Nokia (NOK) once ruled the smartphone arena. It was pushed out of the space by the likes of Apple (AAPL) and Samsung. But now it's back with its next-generation Android phone.

The Nokia 8 smartphone hopes to be a strong competitor in an overly crowded global smartphone market. This high-performer debuts Sept. 26, in India.

Finnish partner HMD Global hopes consumers will like its new features, which include a dual-sight live streaming tool, spatial 360° audio and ZEISS optics.

"With performance and pure Android at its heart, as well as the most advanced aluminium unibody design to date, the Nokia 8 represents all the hallmarks of a true flagship Nokia smartphone," says the HMD site.

Shares of Nokia traded down at $6.07 on Thursday.  

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