Nokia plans to resume making phones from 2016


Former giant of the mobile phone industry, Nokia Mobile plans to start making mobile phones again starting from 2016 if it can reach an agreement with Microsoft which bought it in 2014. This comes just days after Microsoft’s CEO Satya Nadella said Microsoft Lumia phones are dead. Nokia’s Chief Executive Officer, Rajeev Suri told Germany’s Manager Magazine “We will look for suitable partners,” “Microsoft makes mobile phones. We would simply design them and then make the brand name available to license.”


Microsoft has not seen any significant profit from acquiring Nokia’s mobile phones unit for $7.2 billion; instead it is running at a loss and has only 3 percent of the smartphone market.

Nokia in April acquired Alcatel-Lucent at $17.8 billion to boost its network equipment business which is now its main business. It also plans to sell off its mapping business and several companies such as BMW, Audi, Mercedes, Silicon Valley and Chinese businesses have shown interest.