A new report by Re/Code cites two sources briefed on Nokia’s plans as saying that the company will return to the smartphone market as early as 2016.
Nokia is also working on a number of other technology projects, including some related to virtual reality as per the website’s sources.
Nokia Technologies, the company that licenses Nokia’s 10,000 plus patents is driving the company’s re-entry into the market, claims the website.
It is worth pointing out that Nokia had sold its handsets division to Microsoft and cannot use the Nokia brand name for smartphones till 2016. However, tablets were not part of the Microsoft deal. The company had launched a new Android tablet, Nokia N1 in November 2014, as a reference design to OEM partners who will also be able to use the brand by paying royalty. Nokia had said it had was also licensing the industrial design, Z Launcher software layer and IP on a running royalty basis to the OEM partner with the N1 tablet.
The Re/Code report also states that the company will employ a similar tactic to return to the smartphone market. The company will essentially design new products and license the designs and Nokia brand to a company that will take care of the manufacturing, sales and distribution of the products. Nokia has already sold its manufacturing operations to Microsoft.
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