Contrary To Reports, Nokia Denies Entry Into The Smartphone Market Anytime Soon

Contrary to last week’s report by Recode which we published, Nokia has denied in a Reuters report that it has plans to manufacture and sell handsets.

“Nokia notes recent news reports claiming the company communicated an intention to manufacture consumer handsets out of a R&D facility in China. These reports are false,” Nokia said in a statement posted on its website. The message did say however that , Nokia has said it is looking into returning to the smartphones business by brand-licensing.

Since Nokia sols its smartphone arm to Microsoft last year, we believe there was a clause in the deal that says Nokia would not enter into the smartphone market before 2016.

So There you have it, Don’t expect Nokia smart phones any time soon.