Nokia confirms that they are back in the smartphone market.
Foxconn is really active day. Recently they bought up the former TV grandeur Sharp 51 billion and soon they will begin construction of an iPhone factory in India to 80 billion.
Updated on 18 May at 15.35:
Nokia today confirmed that they bet again on smartphones and tablets. The company will not manufacture the products itself, but the new Finnish company HMD will license the brand Nokia. The latter will invest $ 500 million, just over 4 billion in the coming years to launch products globally.
Smart phones and tablets will not surprisingly, running Android.
Changed strategy
Now they have added $ 350 million, just under 2.9 billion, Microsoft Nokia department store cheap mobiles. Microsoft also sells its Microsoft Mobile Vietnam department, which employs 4500 people.
Microsoft, which sold very few mobiles during the first three months, added about smartphone focus completely and plans to release only a handful of units year. Previously they have released at least one model annually in virtually every line of Lumia 5xx to Lumia 9XX.
Nokia Comes Nokia name
After Microsoft’s acquisition of Nokia’s smartphone division in 2013, the company was able to take advantage of the brand Nokia on their cell phones.
It was first reported that Foxconn would use Nokia on its inexpensive mobiles, but Nokia recently confirmed that they have bought back the rights for the name and will license them to a new company. There are strong indications that the Finns want to produce a new smartphone and they have not hidden the fact that they will return in the market.
Sources:
Neowin, Microsoft
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