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Nokia denies reports it will make or sell consumer phones

At a commencement of a week, reports suggested Nokia was formulation a lapse to a smartphone business. Today, a Finnish association has issued a statement denying it has skeleton to make or sell consumer handsets:

Nokia records new news reports claiming a association communicated an goal to make consumer handsets out of a RD trickery in China. These reports are false, and embody comments wrongly attributed to a Nokia Networks executive. Nokia reiterates it now has no skeleton to make or sell consumer handsets.

We didn’t cover a initial rumors, yet we did plead because they were formidable to believe. Nokia has mislaid many engineers and designers to Microsoft and other firms, it has no smartphone handling complement of a possess to work with, and as goes for any new entrant into a smartphone market, it’s value remembering a foe is quite extreme in a space.

Furthermore, while a Nokia code name is valuable, a association is barred from chartering it to third parties until a second half of 2016. Those stipulations are partial of a terms Nokia concluded to when it sole a mobile multiplication to Microsoft.

Nokia also just bought Alcatel-Lucent for $16.6 billion, unexpected branch itself into a European tech giant. Furthermore, a association might be formulation to spin off or sell a Here mapping service. In other words, Nokia has a hands full perplexing to figure out where to take a business next, and it’s not only sitting around considering — it is really most holding action.

All of this said, we have to indicate out that Nokia’s matter above is delicately worded, only like any tech association would do. It doesn’t discuss anything about chartering a code so that others can make and sell Nokia phones.

Most importantly, it uses a difference no plans and currently. Nokia’s skeleton could change tomorrow.

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Article source: http://venturebeat.com/2015/04/26/nokia-denies-reports-it-will-manufacture-or-sell-consumer-phones/

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