Microsoft today continued to undo its disastrous 2014 acquisition of Nokia’s phone business, announcing that it is exiting the feature phone market, which it had once trumpeted as a critical component of its mobile strategy.
The sale of its feature phone business for $350 million prompted analysts to again question Microsoft’s commitment to smartphones. “There won’t be any more Lumia [smartphones],” said Jan Dawson, chief analyst at Jackdaw Research, in an email reply to Computerworld‘s questions today. “It does leave the door open for a new, narrower, phone strategy in the future.”
In a statement Wednesday, Microsoft said it had sold its remaining Nokia assets, including its factory in Hanoi, Vietnam, to FIH Mobile Ltd., a subsidiary of Taiwanese contract manufacturer Hon Hai, better known as Foxconn, and to Finnish firm HMD Global.
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Source: COMPUTER WORLD