There have rumors that Nokia Corporation (ADR) (NYSE:NOK) is plotting a return to handsets business, but through partnership. As if to give credence to Nokia’s smartphones plans, images alleged to be of a handset called Nokia C1 have emerged, and they show 5-inch display smartphone running Android OS.
The agreement that Nokia signed with Microsoft Corporation (NASDAQ:MSFT) bars the former from making and selling phones until after 2016. However, the company has found a loophole to get back to the phones business by licensing its design to third-party manufacturers.
Nokia Corporation (ADR) (NYSE:NOK) is returning to the phone business, and there appears to be more hints that the company indeed has set things in motion. Leaked images of a handset believed to be Nokia C1 have surfaced and the show an Android-powered smartphone with modest specifics.
5-inch display Nokia C1
The Nokia C1 has a design that is almost similar to that of Xiaomi Mi 4i. The phone is said to feature a 5-inch display has 2GB of RAM is powered by Intel Corporation (NASDAQ:INTC) processor. The Nokia C1 handset is also said to have an 8-MP rear camera and a 5-MP front snapper. Moreover, the device is equipped with an iPhone-esque speaker. Rumors have it that the Nokia C1 will run the new Android 6.0 Marshmallow.
Partnership with Foxconn
Details about the so-called Nokia C1 are only speculations and the actual device may be different from the leaked images. However, what is not in doubt is that Nokia is going back to the consumer electronics market with both smartphones and tablets. Earlier this year, Nokia partnered with Foxconn to come up with a tablet called Nokia N1, which also comes with iPhone-esque speaker.
Skirting Microsoft restriction
Because Nokia Corporation (ADR) (NYSE:NOK) cannot legally start making phones under its brand until after 2016, the company can still work with partners who will be responsible for the manufacturing, marketing and sale of its phones. In that case, Nokia can design a phone and license the design to a third-party producer.
Sources: gadgets.ndtv.com
