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Microsoft to buy Nokia SmartPhone Bussiness for a $7.2 Billion

Yes you are reading Right Microsoft is going to buy the Nokia’s Smartphone Bussiness for a $7.2 Billion. After a Constant struggle of Nokia i think its the last time we are seeing a Nokia handset in the Market. Back in 2011 the Finland maker is the king of phones for a continuous 8 – 10 years. It has been a long time and in 2011 the Finland maker failed to cope with the new trends and slowly failed to protect its place. It experienced a huge drop in sales and though it produced several Handsets to retain their market but still it failed. Some of the handsets failed miserably that it caused a bad name to the company. Nokia is gaining a little bit of pace from 2011 as the Manufacturer has started selling it’s Lumia range which was a hit among the masses but the sales are not more than expected. It’s Flagship phones are a huge hit and gained a large amount of popularity.

Microsoft to buy Nokia SmartPhone Bussiness

Microsoft has agreed a deal to buy Nokia’s mobile-phone business for 5.4bn euro ($7.2bn; £4.6bn).Nokia will also license its patents and mapping services to Microsoft. The company is constantly struggling to compete with the fellow Phone Makers. It has failed to give a competition with the fellow Samsung,L.G and other brands. Nokia doesn’t released an Android Handset and it stuck to it’s Lumia series which was not worth the fortune. Though it failed but released some decent Devices into the market like Lumia 520 which is the first Budget windows phones with a decent specifications which still has a good name among the masses.

“It’s a bold step into the future – a win-win for employees, shareholders and consumers of both companies,” said Steve Ballmer, chief executive officer of Microsoft.

Though some people who dream that Nokia will release an Android Device there is no more hope for an Android device as the company smartphone business which will be owned by Microsoft soon.


About David Mayor

Writer and editor of The Next Digit Media, he takes care of iOS, Apple, Mac and other gadgets. He worked at Apple Inc, before joining to TND Media. He was graduated in Bachelor of Journalism & Mass Communication Degree from Cambridge University. All posts by David

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