A new report claims Nokia is looking to re-enter the smartphone market in 2016, and is also working on several new technologies including virtual reality.
As per a report by Re/code, which cites two people briefed on Nokia's plans, the Finnish company which was once the world's largest mobile manufacturer is set to make a comeback in the smartphone market with a business model similar to what it used to launch the Nokia N1 tablet.
Nokia had launched the N1 tablet last year with a brand-licensing agreement with Foxconn that made the established Chinese OEM responsible for manufacturing, distribution, and sales of the tablet. Re/code reports the company is looking at a similar brand-licensing agreement for its smartphone business revival, and that it will not be entering the intensely competitive manufacturing sphere again.
http://m.gadgets.ndtv.com/mobiles/news/nokia-to-re-enter-smartphone-market-in-2016-report-683572
