A senior executive of Nokia has reaffirmed that the company will be heading back into the smartphone industry this quarter.

Mike Wang, President of Nokia Networks in China, told The Paper that phones and tablets are on the schedule. The company has invested $350 million in setting up the infrastructure to sell smartphones through manufacturer Foxconn and brand licensee HMD Global Oy — headed by some Nokia veterans, though not directly managed by the company.

The Finland-based tech giant sold its hardware and services division to Microsoft in 2014 and agreed to not compete in the smartphone market for the following two years. In the meantime, Nokia focused on telecommunications, VR, connected health and, primarily, intellectual property licensing. Acquisitions of Alcatel-Lucent and wearable tech manufacturer Withings have taken place in the intervening years.

The most recent quarter saw an 11 percent annual decline in enterprise sales, though, so the jump back into smartphones through a licensee should support revenues with reduced outlays.

There are supposedly three Android Nougat devices on the docket — a large tablet and two high-end smartphones with Snapdragon 820 chipsets and quad HD screens.

You May Also Like

It seems that the new iPhone 9 could arrive in March

The new iPhone 9 or iPhone SE 2 may arrive in March as Apple may be getting ready to mass-produce the device in Taiwan

You can preorder the Moto Razr starting on January 26

The new Moto Razr will soon be available for preorder in the United States, and it will arrive at more markets shortly after

Today’s Amazon deals include Apple’s latest 16-inch MacBook Pro and more

These are some of the best Amazon deals for today; they include the latest 16-inch MacBook Pro and many more great products