The Nokia brand returns

Microsoft, the owner of Nokia, has announced that it's selling its feature phone business for $350 million in a group deal to FIH Mobile, a subsidiary of Foxconn, which manufactures iPhones for Apple, and HMD Global. In the deal, Microsoft is also selling its entry-level mobile device assets and the Nokia brand name, as well as its manufacturing facility in Vietnam. When the deal is completed, HMD will have Nokia-branded feature phone, as well as Android-based smartphones and tablets. The firm plans to invest more than $500 million to market its mobile products worldwide with an idea to capitalize Nokia's brand labeling it as Android-based devices. This is seen as Nokia's comeback to Android, after the company introduced its first-ever Android-powered Nokia phones in 2014, not long before being pronounced dead. By selling Nokia, Microsoft Windows-based mobile operations are kept untouched. The company will still continue to develop its Windows-based phones and keep its Lumia brand alive. Microsoft's decision to acquire Nokia was seen as a huge mistake. With the effort to revive the brand under Windows was making things even worse. The company never managed to score by selling Nokia phones, and the company is selling it at a loss.