Microsoft Dumps Nokia And Lumia, Just As The Company Shows Signs Of Life

Business, Financial

Microsoft has finally decided to dump Nokia and the Lumia brand of smartphones after some abysmal quaters. Lagging far and far behind from iOS and Android devices, Lumia could never be the competitor Microsoft had hoped for. For the time being Microsoft is selling off Nokia to Foxconn at a price of 350 million USD and concentrating on cloud and app services to enter the smartphone market. No new Lumia phones will hit the market but Microsoft will continue to support existing devices.

Nokia Shop

Microsoft plans to launch Windows 10 Surface tablets aimed at the pricier chunk of the market. The decision will jeopardise jobs of 1,850 employees working in the hardware division of Microsoft. Microsoft said in a statement,  “Our company will be pragmatic and embrace other mobile platforms with our productivity services, device management services, and development tools — regardless of a person’s phone choice, we want everyone to be able to experience what Microsoft has to offer them.” In the meanwhile, Nokia is showing signs of life as a new Finnish company called HMD has acquired the rights to phone technologies developed by Nokia and they will be Android Nokia phones. The phones will be available by fall 2016 or early 2017.

Please follow and like us:

You May Also Like

Microsoft Buys LinkedIn For 26.2 Billion USD Microsoft and LinkedIn announced today that the tech giant has bought LinkedIn, a social networking site for professionals, for a whooping 26.2 billio...
Expect A Bullish Stock Market Next Week – Expert View There has been steep fall in the Indian and global stock stock market post Paris terror attacks. Strengthening of Dollar and weakening of Rupee was ...
Barclays To Sell Its Africa Business, Will Pursue ‘Transatlantic’ Model Barclays bank has decided roll-off their Africa business by selling off 62% share in the Barclays Africa Group over the next 2 to 3 years. The move wa...
Soumyajit DasMazumdar on FacebookSoumyajit DasMazumdar on LinkedinSoumyajit DasMazumdar on Twitter
Soumyajit DasMazumdar
Soumyajit is an SAP technical consultant with a flair for writing. An avid blog reader, he started off with a free WordPress blog and slowly moved to his own personal news and blog site. Apart from writing he loves reading books, playing table tennis and long bike trips. He is currently trying to learn playing guitar and failing miserably.

One thought on “Microsoft Dumps Nokia And Lumia, Just As The Company Shows Signs Of Life

Leave a Reply