Nokia to re-enter the smartphone business

Nokia to re-enter the smartphone business
The company stated that 2017 will represent "Nokia brand`s return to smartphones," Image Source: Reuters
Written By: IANS
Updated: Sat, Nov 19, 2016
11:48 am
IANS
RELATED NEWS
Here are 5 iconic Nokia phones we would like to see on Android Here are 5 iconic Nokia phones we would like to see on Android
Nokia in talks with Indian telcos over 5G networks Nokia in talks with Indian telcos over 5G networks
Nokia likely to cut 10,000 to 15,000 jobs worldwide: Union Nokia likely to cut 10,000 to 15,000 jobs worldwide: Union

Nokia is planning to re-enter the smartphone business in 2017, a slide from Nokia`s Capital Markets Day 2016 has revealed.

The event that was held on November 15 for investors, the company stated that 2017 will represent "Nokia brand`s return to smartphones," Phone Arena reported on Friday.

Since it does not have the required manufacturing facilities, Nokia will rope in Finnish company HMD Global, and Taiwanese giant Foxconn to manufacture the smartphones.

Led by former Nokia execs, HDM will "develop, market and sell Nokia-branded phones and accessories", while Foxconn is dealing with R&D and manufacturing, the report added.

The first smartphone of Nokia after its come back is rumoured to be the D1C that runs on Android 7 Nougat with a Snapdragon 430 processor, and offers a 1080p display and 3 GB of RAM.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.