Nokia returns with foxconn in command

Nokia returns to the ring after a long time with Foxconn that bought part of the company from Microsoft in order to give new life to this legendary brand.

Nokia returns with Foxconn in command

A few hours ago it was known that the Nokia company will re-emerge after Foxconn could buy part of it from Microsoft with the idea of ​​being able to generate a new business with this brand. More specifically, the responsible company would be FIH Mobile, which is part of the Taiwanese giant Foxconn, the purchase value offered is 350 million dollars and the operation is expected to be completed in the second quarter of the year.

The essence of Nokia is kept alive as the software, services provided and the contracts of the component suppliers will continue to be used to manufacture these phones. Foxconn intends to use this business to cover mainly Asia, in this continent the Nokia brand has a great weight and could be a success.

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The main idea is to maintain the origin of Nokia but to be able to modernize it, this would be achieved by including advanced smartphones and tablets in the international market. In addition to eliminating the '' Nokia '' brand to give rise to a new name, HMD will be a company that created '' features phones, smartphones and tablets '' 10 years from now. They plan to invest more than 500 million dollars to revitalize the image of Nokia in the current market and this makes Nokia earn revenue from licenses.

Features phones are a great challenge to impact the Asian market, especially India where it was the most popular since the origin of mobile phones, but we see that in the current market the consumption of them is no longer stimulated and is a great success for this developing company.