Nokia denies that it is returning to smartphone market

Last week, rumors began circulating suggesting that Nokia would be making a return to the smartphone market soon. However, despite a supposed confirmation from an executive, it doesn't look like this is happening anymore as Nokia has discredited those rumors.

In a short message posted on the official Nokia website, the company officially stated its position, saying that it has “no plans to manufacture or sell consumer handsets”. It went on to brand previous reports as false and says that the comments attributed to a Nokia executive were in-fact false.

Even if Nokia was planning a return to the smartphone market, it would be quite some time before we actually saw a device. Due to the acquisition deal with Microsoft last year, Nokia can't use its brand on smartphones until the fourth quarter of 2016.

Additionally, earlier comments from the company suggested that future ‘Nokia' devices would likely be manufactured by other companies licensing the brand name.

You can see Nokia's statement for yourself, HERE.

Discuss on our Facebook page, HERE.

KitGuru Says: Nokia wasn't doing that well with its Lumia smartphones anyway so there is no guarantee that the company would manage to be competitive in the current market. Although, there is no doubt that the company's name will always hold some value due to past success, so the brand licensing model seems to make the most sense for Nokia in the future.

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