Reports say that Nokia, which was once the world's largest mobile manufacturer, is set to make a comeback in the smartphone market late next year.
Nokia CEO Rajeev Suri, revealed the company's plans to re-enter the mobile phone business late next year.
Nokia was once the largest mobile phone manufacturer in the world.
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GadgetsNDTV reports that Nokia CEO Rajeev Suri, while speaking to German publication Manager Magazin, revealed the company's plans to re-enter the mobile phone business late next year. Suri said, "We will look for suitable partners. Microsoft makes mobile phones. We would simply design them and then make the brand name available to license."
Nokia launched the Nokia N1 tablet as the company's first mobile product after the Microsoft acquisition. The terms of the Microsoft-Nokia deal had stipulated the Finnish company couldn't use the Nokia brand on smartphones till Q4 2016, and on feature phones for 10 years.
The 2016 time-frame of a possible smartphone launch from Nokia does not actually come as a surprise, and the Finnish firm can be expected to wait till the end of the year to avoid legal tussles.
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Sources say Nokia can be expected to make an agreement with a manufacturer which will be responsible for manufacturing, distribution, and sales of its smartphones next year.
The Finnish company followed the same strategy with the N1 tablet launch where the company signed a brand-licensing agreement with Foxconn.
