What is next for Nokia?

What is next for Nokia?

It has been reported that Nokia Technologies is now working on a secret project and according to the report the announcement for this project will transpire on 2016, although made by Nokia but report has it that another company will handle its production and sales.

Acquisition of Nokia

Microsoft acquire Nokia’s phone business at $7.2 billion exactly a year ago. For a certain amount of time Microsoft have the rights to use the Nokia’s name and at the same time will continue Nokia’s legacy in terms of bringing forth smartphones until 2015. However a there are certain divisions of the company which is not included on the sale and one of the division that was not included is the Nokia Technologies.

Nokia was once the dominating headset maker

History has it that Nokia was once upon a time a giant in the phone industry. While it is known that they dropped producing smartphones it is in the reports now that the Finland-based company is planning for a comeback in the mobile industry.

Nokia’s failure highlighted

Change is the only constant in this world, in all aspect change is inevitable. This is what happened to Nokia. Their dominance as a headset maker in the world slowly ends primarily because they fail to adapt change, the transition on that particular time being is that people are crazy to have a touchscreen phone which unfortunately Nokia doesn’t have. Consumers turned to Apple and Samsung to fill the need to own the latest craze which was the touchscreen phones.

What is next for Nokia?

According to Recode’s sources, Nokia now is putting its effort on smartphone development and licenses the company’s patents to other firms. It was also further reported that Nokia Technologies is also working on products that can be for virtual-reality.

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