The press release pertaining to Nokia bringing out a new generation of mobile phones and tablets was made on the company's own website.
Meanwhile Microsoft, which bought Nokia's mobile phone activities in 2013, is finally getting out of the feature-phone business, selling its remaining interests in the Nokia brand and its Vietnamese phone factory to HMD and to FIH, a subsidiary of contract manufacturing giant Foxconn, for around US$350 million. More importantly, Arto Nummela will be taking over as CEO of HMD global Oy, which is going to be operating out of Finland, and he will be steering the upcoming products from Nokia.
Analysts and consumers have been waiting with bated breath to see if Nokia will return to the production of smartphones and tablets.
The disclosure by Microsoft implies that the sale of the company's feature phone business to FIH Mobile will not affect Microsoft's development of Windows 10 Mobile platform and its support for Lumia handsets and Windows Phone devices from partners like Acer, HP, Alcatel, Trinity and VAIO.
None of Microsoft's existing Windows 10 Mobile smartphone technologies and products are included in the transaction.
CCS Insight predicted worldwide sales of feature phones will reach 550 million units in 2016, and will likely slip to 240 million units by 2020. All this has to go along and incorporate the Nokia wearable devices venture after they recently purchased Withings.