With Windows 8 having failed to revive its dwindling sale, Finnish handset maker Nokia may exit mobile phone business this year itself, according to a prediction of Forbes, one of the most influential magazine in the world.
“The biggest shocker (and what I suspect will be my most controversial prediction), though, will be the departure of Nokia from the phone business as the company sells its mobile operation and infrastructure divisions to Huawei in order to focus on software and services,” a report on Forbes read.
The article, which also talked about some possible upcoming events of this year, also said, “With the company’s bet on Windows 8 having failed in the marketplace, it will see Microsoft and Huawei competing for the mobile device division and will eventually sell its smartphone group to Microsoft and the rest of its telecom interests to Huawei.”
Though, the predictions seems little bit too much to happen, but it is a fact that Nokia is struggling to keep its market share intact, leave alone increasing it.
In September last year, a Gartner report said that Nokia has only 19.2 per cent market share in smartphone segment compared to 23.9 per cent last year. In fact, according to that report, Nokia slipped to No 7 position in the smartphone market. It, however, kept its numero uno position in India atleast thanks to the robust sale of its feature phones, especially of the newly introduced Asha series.