Nokia to return to the smartphone market next year
A Nokia executive has revealed that the Finnish company will return to the smartphone market in 2016.
Nokia CEO Rajeev Suri has revealed to German publication, Manager Magazin, that the company intends to return to the smartphone business. However, Nokia will not produce the handset themselves but instead would focus on designing and licensing which the company has done before when they partnered and licensed its brand to Foxconn for the Nokia N1 Android tablet.
“We will look for suitable partners,” says Suri. “Microsoft makes mobile phones. We would simply design them and then make the brand name available to license.”
Under an agreement with Microsoft, Nokia is not allowed to use its brand on phones until Q4 of 2016.