Nokia smartphone market

Nokia will not be returning to the smartphone market in 2016, despite reports, the company has said. Nokia has no plans to re-enter the smartphone market after all. … intention to manufacture consumer handsets out of a R&D facility in China.

​Nokia

Nokia has released a statement clarifying that it has no plans to re-enter the consumer phone market.

The company reiterated that it will not be manufacturing or selling any consumer handsets, after reports suggested that the Finnish company’s handset business, now owned by Microsoft, is planning to return to the smartphone market in 2016.

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“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,” they said in a statement.

When Nokia’s handset business was acquired by Microsoft in 2013 for $7.2 billion, the company’s devices and services business became branded under Microsoft’s subsidiary, Microsoft Mobile Oy, which eventually saw the Nokia brand phased out from the Lumia smartphone range.

The only presence it retains in the smartphone market is on the Here mapping platform. However, it confirmed that it is looking to sell Here, a business currently valued at $2.1 billion, and the likely buyer may be Microsoft.

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