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Nokia smartphones are poised for a comeback after former managers at the Finnish company licensed the handset brand from Microsoft and struck up partnerships with Google and phone manufacturer Foxconn.
Technology giant Microsoft may have sold off Nokia's branding rights to HMD Global and Foxconn for US$350mil (RM1.55bil) after a failed attempted to strike a mark in the handset business, but it is far from being down and out.
The head of Nokia's small, but highly profitable patent licensing division is leaving after two years in the role, weeks after he sealed a pace-setting patent deal with Samsung Electronics.
Upstart smartphone maker Xiaomi has bought nearly 1,500 patents from US technology giant Microsoft, the companies and reports said, as part of a “global partnership” that will help the Chinese firm expand outside its home market.
HONG KONG: Microsoft Corp will cut as many as 1,850 jobs and take a new impairment charge as chief executive officer Satya Nadellapares back the company’s ambitions in smartphones.
HONG KONG: Microsoft Corp agreed to sell its feature phone business to FIH Mobile Ltd. and HMD Global for US$350mil, exiting a business that once dominated the mobile market under the Nokia name before Apple Inc's iPhone.
Nokia said it has signed an exclusive 10-year licensing deal with Finnish company HMD Global Oy to create Nokia-branded phones and tablets.
Microsoft Corp said it is selling its entry-level feature phone assets to FIH Mobile Ltd and HMD Global Oy for US$350mil (RM1.41bil).