The 47-year-old CEO of Nokia, Rajeev Suri, confirms in Frankfurt that the once giant maker of mobile phones plans to commence designing and licensing of smartphones upon agreement with Microsoft for its production in 2016.
“We will look for suitable partners,” Rajeev Suri said in an interview published on Thursday. “Microsoft makes mobile phones. We would simply design them and then make the brand name available to license.”
In 2014, Finland’s Nokia sold its phone business to Microsoft due to many years of sales loss. It failed to compete in the market the smart technologies implemented by Apple and Samsung. After a few months, it introduced the Nokia N1 which is an Android tablet-computer manufactured by Foxconn, a Taiwanese contract company. Foxconn obtained its license for production, sales, delivery and support.
Nokia agreed to a condition last year with Microsoft that it will remain banned in the smartphone market until the middle part of 2016. Although Nokia have not decided yet who will be its appropriate partners, it is likely that it will team up with Foxconn.