Microsoft sells their feature phone business to Foxconn
In line with this morning's announcement by Nokia that HMD Mobile will acquire the rights to produce Nokia branded mobile devices, Microsoft has revealed that they will be selling their feature phone business acquired alongside the Nokia acquisition to Foxconn for $350 million. This news is not much of a surprise as Microsoft announced earlier this year that they will be only producing a couple of Lumia phones a year coupled with the fact that Microsoft is still working on making Windows 10 Mobile stable.
Once the deal with Foxconn closes, Microsoft will put their focus on producing Windows 10 Mobile devices. It is still unclear is Microsoft plans to continue the Lumia line they inherited from Nokia but it does fuel the rumor that the much anticipated Surface Phone is nearly here. Just a little recap, Microsoft's last feature phone was the Nokia 230.
Expect Nokia to come back in full force after everything settles down and that Surface Phone is coming.