Nokia confirms it will not re-enter smartphone market
There have been a lot of rumors lately stating that Nokia, a smartphone and tablet manufacturer based in Finland, would possibly return to the smartphone business in 2016 without Microsoft. Back in 2014, Nokia sold its smartphone segment to Microsoft, and the agreed upon deal stated that Nokia could not begin to develop its own new phones until 2016 at the earliest. This had many speculating that the company would return in 2016, with some reports even stating that Nokia would be manufacturing new handsets in a research and development plant in China.
On Sunday, Nokia came forth on its own website and made a statement confirming that it would not in fact be returning to the smartphone business anytime soon. Despite this news, Nokia is far from irrelevant, having put out many new tablets and other devices in the past few years. Most recently, the N1 tablet was released in China earlier in 2015.
Since Microsoft purchased Nokia's smartphone business, they've continued to manufacture handsets using the company's name. The Lumia 735 is the most recent example of this, and it was mostly a well received device. Perhaps the generally positive reviews of this device had many excited for Nokia’s independent return to the smartphone industry, but that is certainly not the case.