Nokia To Make A Comeback Next Year
It was nearly a year back that Microsoft completed the acquisition of Nokia’s smartphone business. While it was thought to be the end of the Finnish company’s hardware plans, it seems we might just see Nokia branded smartphones once again.
Nokia Technologies, the smallest of the three units Nokia still retains, is working on projects that could lead to its re-entry into the smartphone business, Re/code reports.
The publication cites sources familiar with Nokia Technologies’ plans, claiming that it will not only make a return to the consumer mobile market, but it also has some “ambitious technology projects” lined up including a virtual reality kit.
As a part of Microsoft’s deal with Nokia, the latter isn’t allowed to use the Nokia branding on any smartphone until Q4, 2016. The restrictions didn’t stop the Finnish company from designing an Android-powered tablet called the N1. It licensed a Chinese company to manufacture the tablet, use its brand name and sell it in China.
According to the publication, the team behind the Nokia N1 is allegedly working on the company’s forthcoming smartphone as well. With the restrictions lifting next year, Nokia would like to come back into the game. However, this time Nokia won’t invest in its own manufacturing or even setting up retail channels. Instead it would design products and let others manufacture and license it to sell under Nokia’s brand name.
The publication further states that Nokia is working on a virtual reality project to take on the likes of the Samsung, Facebook and HTC among others. Details are however non-existent at the moment.
The report comes a couple of days after Nokia announced that it was buying telecom equipment company Alcatel-Lucent for $16.6 billion. It also revealed that the company was reviewing its HERE navigation business, and could consider a sale.