Microsoft offloads Nokia feature phone business to Foxconn for $350M

Microsoft is selling the feature phone business it acquired from Nokia back in 2013 to a subsidiary of Chinese manufacturer Foxconn for $350 million, it announced today.

At the same time former owner Nokia said it has inked a deal to license its brand to HMD Global, a new Finnish company run by ex-Nokia and Microsoft devices staff, to “create a new generation of Nokia-branded mobile phones and tablets”.

So, er, the Nokia phone is dead, long live the Nokia phone…

Entry level issues

Feature phones — aka more basic mobile devices that are not considered to be fully fledged smartphones — never looked like a comfortable fit for Microsoft, which shelled out some $7.2 billion to acquire Nokia’s entire mobile devices business around three years ago in the hopes of firing up…

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