Nokia Set to Release A New Phone Next Year, Also Planning to Enter VR Arena
Last year, when Microsoft acquired Nokia’s Devices and Services business, it was assumed that the Finnish company was getting out of the hardware game once and for all. But then, to our surprise, the company launched its Android N1 tablet in November, and now, according to a new report by Re/code, it is developing a new phone which is set to release as early as next year.
Nokia is planning to return to the consumer mobile market, sources familiar with Nokia’s plans told Re/code, adding that the company is also ambitious to enter into other technology projects, including some in the virtual reality arena. Targeting the VR tech seems to be a big step forward for the company, however it’s not that surprising considering how may other phone makers are already tinkering with headsets at the moment.
Nokia is currently focused on three main businesses: Its network infrastructure services, its Here mapping unit and Nokia Technologies, its patent licensing operation. According to the report, the new phone is being developed under the company’s smallest of the three businesses: Nokia Technologies.
The division is responsible for maintaining the company’s massive portfolio of more than 10,000 patents, and has designed new products and licensed them to other companies as well. So far, Nokia Technologies has released just two products, the N1 tablet and an Android program called Z Launcher, but according to insiders they are just the beginning.
“They have a lot of great stuff in development,” said Richard Kerris, a former Nokia executive. “It gave me complete confidence that Nokia is a company that is not going away.”