Major Nokia Announcement Teased For November 17

By Prarthito

Nokia may have been news all this while due to its business with Microsoft, but that hasn't said anything about what the company itself intends to do in the long run. However, all that may change very soon with something major coming out of the company in a few days.

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According to reports, while nothing can be said about Nokia's future plans as of now, the company has indeed hinted at the fact that there's a possible comeback for the company on the cards in the next few years.


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Major Nokia Announcement Teased For November 17

Recently, a host of Nokia regional accounts tweeted some news regarding the company's plans. On a whole, it promises more details on Nokia's plans for the next couple of years. It even goes up to point of stating that those who are interested will be able to find out the details with the Nokia team on November 17.

The news also holds a bit of significance after Nokia's CFO Timo Ihamuotila said during an earnings call following the company's Q3 2014 financial report that Nokia "carefully assess what would be the best way for us to maximize the value of the Nokia brand."

As of now, Nokia cannot enter the smartphone market due to one of the conditions included in the Microsoft buyout of the Devices and Services division. This means that it can't enter the smartphone business once again, until around 2016.

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"Taking into account that we're in the lock-up period still in the Microsoft transaction regarding our possibility to use the brand and we have recognized that Nokia brand is the most valuable from recognition perspective in the area of mobile phones and mobile devices. And there we cannot go yet at the moment," Ihamuotila adds.


"Although we do think that it's a bit too early for the Finnish company to make any announcement regarding its comeback in the smartphone business, we reckon that anything is possible and Nokia may indeed start launching new handsets the moment the lock-up period expires," a Softpedia report states.

Stay tuned to GizBot for more updates

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