Nokia will re-enter smartphone market: Rajeev Suri

We all knew Nokia would come back to smartphones, but it’s good to have concrete confirmation on the same. Rajeev Suri, CEO of the Finnish Company has confirmed that Nokia will be re-entering the smartphone market in future.

“There’s no timeline, there’s no rush,” said Suri, at a press event at MWC 2016.

“It could happen in 2016, it could happen later,” he added. While this confirms that Nokia will re-enter the smartphone market, it seems that we may have to wait longer than 2016. Suri also explained that the Finnish firm will wait for the right partner, before it returns to the market. He also reiterated that Nokia will not actually make phones, but will license its name to partner(s).

Nokia’s phones were once the favourites and the company can take almost all of the credit for the design language introduced in Microsoft’s Lumia devices. While Nokia’s presence in the market has diminished over the years, the company holds many important patents related to mobile phones and will earn from them for the foreseeable future. The Finnish company was the creator of legendary phones like the Nokia 3310 and 1100, which have been known for their longevity.

Source: TechGig.com