Nokia Is Getting Back Into Phones

Posted: Jun 19 2015, 2:51am CDT | by , Updated: Jun 19 2015, 7:18am CDT, in Latest Business News


This story may contain affiliate links.

Nokia Is Getting Back Into Phones
Photo Credit: Getty Images

After denial of reports that Nokia plans a comeback in consumer phones, Nokia CEO has confirmed now in an interview that Nokia is planning a comeback.

In April a report surfaced that Nokia plans to get back into the phone business again after selling their consumer phone business to Microsoft. A week later Nokia has demented that reported with this statement:

"Nokia notes recent news reports claiming the company communicated an intention to manufacture consumer handsets out of a R&D facility in China. These reports are false, and include comments incorrectly attributed to a Nokia Networks executive. Nokia reiterates it currently has no plans to manufacture or sell consumer handsets."

Now in a surprising turn of events Nokia's CEO Rajeev Suri said in an interview with German Manager Magazin that Nokia is looking for fitting partners to get back into the mobile phone business.

Nokia plans to enter the mobile phone market in 2016. Microsoft's contract prohibits Nokia to be active in the mobile phone market until that time. Nokia is not going to manufacture handsets. They are only designing devices that they then license to manufacturer. Apparently under the Nokia brand, which is weird as Microsoft is using the Nokia brand on their low-end devices.

Nokia has already licensed their trademark to Foxconn to make tablets under the Nokia brand. The Nokia N1 tablet is on sale in China since the beginning of the year.

Does it make sense for Nokia to get back in the mobile phone market? We believe yes. The company still holds lots of patents in the space and is a big player in mobile phone infrastructure. They will though never become again a major player. Their phones will only cater to special markets and not gain global significants.

This story may contain affiliate links.


Find rare products online! Get the free Tracker App now.

Download the free Tracker app now to get in-stock alerts on Pomsies, Oculus Go, SNES Classic and more.

Latest News


The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
Luigi can be contacted directly at ml[@]




comments powered by Disqus