Nokia Denies Rumor Of Smartphone Launch
Reports about new Nokia mobile phones have been officially denied by Nokia on Sunday. According to the recent report, the smartphone giant has no plans of such in the near future.
“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,” confirmed the Nokia statement.
Last year, Nokia sold its smartphone business to Microsoft for $7.2 billion, and since then, speculations and rumors commonly refer to a comeback. Nokia has confirmed to Microsoft that it would not enter the mobile market before 2016, and this is a deal they cannot violate.
Sebastian Nystrom, the head of products at Nokia’s Technologies, told Reuters in November that it “would be crazy not to look at that opportunity.” The Finland-based company was expected to make a new Nokia smartphone design and license it out to some other company.
It was also reported that the company is working on a secret project and may come up with tablets instead of phones. However, the agreement with Microsoft will not allow the company to do so until the third quarter of 2016.
Recently, France’s Alcatel-Lucent was acquired by Nokia for $16.6 billion, which was meant for boosting its network equipment business. This is marked as a major step for the company to deepen its foot mark in the telecom business.