Microsoft Is Selling Off Its Feature Phone Division

Spread the love

Microsoft has announced that it’s selling its feature phone division to Foxconn for the princely sum of $350 million.

While Microsoft claims it will continue to work on Windows 10 Mobile and the Lumia smartphone brand, it will hand over all of the assets relating to its Nokia-branded feature phones, “including brands, software and services, care network and other assets, customer contracts, and critical supply agreements.”

A Foxconn subsidiary, FIH Mobile, will take on the business, along with 4,5000 employees. It’s expected the deal will be completed in the second half of 2016.

Microsoft purchased Nokia’s phone division three years ago
for $7.1 billion. That deal saw 32,000 Nokia employees join Microsoft. Its foray into phone hardware hasn’t been a huge success so far, but maybe jettisoning the feature phone wing will allow it double down on the smartphones it clings to. Maybe. Did someone mention Surface Phone?

[Microsoft via PR Newswire]

Previous post
Microsoft's Amazing Hyperlapse Video-Smothing App Now Available for Mac
Next post
If the rumours are true OnePlus 3T will be the first phone with 8GB RAM

No Comment

Leave a reply


Microsoft Is Selling Off Its Feature Phone Division