Nokia Denies Comeback to Smartphone Business, Says “Reports are False”
The former leader of consumer smartphone manufacturer Nokia recently made headlines for considering making a comeback in the mobile manufacturing business. The firm heard the recent buzz over Internet and came out to publically announce that the information was false. The report of Nokia planning to return to the mobile business was surfaced by the reliable technology portal Re/Code, which stated that the news was disclosed by a Nokia Networks executive.
The exact statement by the Finnish reads –
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.
Re/Code claimed that Microsoft-acquired Nokia is planning to bounce back to the smartphone business sometime next year. It also stated that several ambitious projects are in the making, and one among them is a virtual reality device. The company recently launched its first Nokia-branded Android tablet, along with an Android app called Z Launcher.
Nokia was acquired at a whopping price of $7.2 billion last year by hardware and software leader Microsoft. It was learnt that Nokia can’t use its brand name on smartphones till Q4 2016. Since Nokia was launching one or the other products lately, the news didn’t seem unfitting.
A while back, the company disclosed its move of acquiring Alcatel-Lucent for $16.5 billion. The new firm formed is called the Nokia Corporation. The acquisition will give a boost to its patent licensing business and networks division, which makes for 90 percent of the total revenue. The company is in talks with potential buyers to sell its maps business “HERE“.