Nokia to manufacture low-end WP handsets

Nokia to manufacture low-end WP handsets
There are not many people who express doubt that the Nokia-Microsoft strategic alliance will cause a profound change in the smartphone industry, and new important details about this agreement are starting to emerge.

One of them, cited as a key prerequisite for Nokia to adopt Windows Phone as its primary smartphone strategy, is the Finnish giant to be allowed to target "a very low price point" for its handsets. Nokia CEO Stephen Elop says on the matter:

"We have become convinced that we can do that very quickly."

Moreover, it's said that Microsoft has agreed to allow chip makers other than Qualcomm to produce SoCs for its mobile OS.

Also, it's reported that Stephen Elop sold his Microsoft shares yesterday and has subsequently bought 150 000 Nokia ones. The value of the Finnish manufacturer's shares dropped more than 20% after the announcement of the Nokia-Microsoft deal, which will be officially concluded in "a couple of months, it may be a bit longer, it may be shorter", according to Elop.

source: Reuters

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