Nokia Denies Report That It Will Return To Consumer Smartphone Market
"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."
With that understood, the company continues to look down the mobile phone road, saying that it is looking at brand-licensing as a path for eventually returning to the phone business, with Nokia Technologies head of products telling Reuters last November, "It would be crazy not to look at that opportunity. Of course we will look at it."
Along with handling patent licensing, Nokia Technologies also spearheads the N1 tablet (produced under license by Taiwan's Foxconn), and the predictive Nokia Z Launcher interface. And earlier this month the company announced that for $16.5 billion it would be acquiring France's Alcatel-Lucent in a bid to enhance its mainstay network equipment business.