Nokia Deines Reports About Re-Entering The Phone Industry

For a last few months, we have been hearing a lot of rumours about Nokia returning to the phone market. Some even went on to suggest that the company’s first phone after selling its devices division to Microsoft will run Android. Strengthen by the fact that its N1 tablet runs Android with Nokia’s Z launcher. However, finally the Finish brand on its official website company.nokia.com stated that “it has no plans to manufacture or sell consumer handsets”.

After offloading its devices division to Microsoft, Nokia retains HERE maps and networking business. Focusing on the latter, Nokia has shown interest in letting go of its maps and location services. HERE maps (earlier known as Nokia maps) has been an expensive affair for the Finns. In 2008, Nokia acquired the Chicago-based Navteq for whopping USD 8.1 billion to enter the mapping business. Despite the quality offering, it hasn’t managed to get good returns on it.

Its recent acquisition of Alcatel-Lucent for $16.6 billion goes on to show how serious Nokia is when it comes to networking business. If you appreciate Nokia’s quality construction and camera expertise, your best bet is Microsoft’s Lumia devices.

Before signing off, here’s Nokia official statement:

“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, and include comments incorrectly attributed to a Nokia Networks executive.

Nokia reiterates it currently has no plans to manufacture or sell consumer handsets.”