FIH Mobile

Much before the advent of smartphones, handsets made by Nokia Oyj (ADR) (NYSE: NOK) once ruled the roost in the mobile phone equipment market. Although lacking in appeal and aesthetics, the brand Nokia used to be associated with quality, and thus, struck a chord with consumers. Being an industry...

Microsoft Corporation (NASDAQ: MSFT) announced on Wednesday it has reached an agreement to sell its entry-level feature phone assets to FIH Mobile, a subsidiary of Foxconn Technology Group and HMD Global, Oy for $350 million. Microsoft also noted that the deal includes the sale of its Microsoft...