Stephen-Elop-CEO-Nokia

Could Huawei Seriously be Thinking of Buying Nokia?

June 18, 2013 - Written By Tom Dawson

 

Huawei have been having an interesting day today, they just announced their latest flagship, the Ascend P6 in London and now, there’s talk of the Chinese company thinking of buying out Nokia. Yepp, the Nokia that everyone is telling us is in real trouble, the very same. Richard Yu, chairman of Huawei’s consumer group – who’s known for saying fun things – said the following earlier today:

“We are considering these sorts of acquisitions; maybe the combination has some synergies but depends on the willingness of Nokia. We are open-minded,” 

The Financial Times are reporting that Huawei could be thinking of approaching the Finnish company to buy them out. Of course, there’s nothing to suggest that anyone at Nokia are too interested in this and we have our doubts that something like this would ever go ahead. Especially when you consider Huawei is not a friend of the US Government and we doubt Nokia could afford to lose the US Market, no matter how little presence they now have. Not only that but, what could come from such a buyout?

Let’s just say that Nokia went for it, and decided to meet with Huawei – talks are all good and everything is approved, Nokia is sold to the Chinese company. Just what devices would come out of such a deal? Would Nokia continue to operate as they are doing now, or would they shift gears to Android? Richard Yu didn’t have much to say about Windows Phone – nobody but Nokia does – and neatly described the platform thusly:

“Whether Windows Phone [will be] successful is difficult to say – it has a very small market share. [Windows Phones] are weak but still require a licence fee. That’s not good. Android is free.”

Fans that remember Nokia phones of old will remember how solidly-built and how much fun Snake was but, the days of Nokia being synonymous with cell phones are long gone and I hate to say it but, if they don’t do something soon, we might not even see Nokia devices on shelves in the next 2 – 4 years or so. Is it the fault of Windows Phone? Who knows, the market has changed a lot since Nokia decided to move away from Symbian and the duopoly of Android and iOS is a hard one to crack.

If anything it seems like the markets like the idea of Huawei buying Nokia, and their stock has risen over the course of the day (the below shot taken at the time of writing)

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