Nokia has another crack at smartphone marketNokia, which once dominated global smartphone sales, gets a risk-free second chance at a business that was crushed by Apple's iPhone and Google's Android devices introduced in 2007. Nokia said it will licence its brand to a Helsinki-based company run by former Nokia managers who aim to bring new mobile phones and tablets to the market. When Nokia exited phones in 2014, Microsoft acquired rights to use the Nokia brand in smartphones for two years, though it has already stopped using it. Nokia, which once dominated global smartphone sales, gets a risk-free second chance at a business that was crushed by Apple's iPhone and Google's Android devices introduced in 2007. Nokia and HMD will be trying to crack a tough market with Samsung, Apple and Huawei Technologies Co. dominating smartphone sales with about half of the total 334 million high-end phones shipped in the first quarter, according to data from researcher IDC.

Source: Stuff May 18, 2016 21:07 UTC