Rumour: Microsoft to sell feature phone business to Foxconn, lay off 50% of Microsoft Mobile - MSPoweruser
Now I hope original Nokia purchase its brand name from Foxconn 🙂
Going... Going... Gone.Now a new rumour by Chinese site VTech states that Microsoft is planning is shutter their feature phone business, which sold only 15 million handsets in Q1 2016, and license the Nokia brand to Foxconn. Microsoft has rights to the brand for feature phones up to 2024.
At the same time VTech reports that Microsoft will fold the rest of the Microsoft Mobile business (the Lumia smartphone business) into the Surface team and will likely lay off 50% of the current staff of Microsoft Mobile. The division has already suffered more than 18,000 losses since its sale to Microsoft in 2014.
Now I hope original Nokia purchase its brand name from Foxconn 🙂