Nokia may have some big plans for the wearable device market

It’s going to be a while before we see a new Nokia smartphone, but there’s a good chance that the company will release its own wearable device before then. The market for wearable gadgets has really been heating up in recent months, and Nokia has made its interest in the market pretty clear, going so far as to mention its desire to develop, manufacture, and market wearables, as well as other kinds of consumer electronics, in a recent press release. 

It is no secret that Nokia is looking to expand its hardware line by getting into the wearables business. Rumors point to Android-based wearables that focus on health and wellness. This is a cornerstone of their plan to pursue what they call “Digital Health”. New confirmation comes in the form of a press release from the company today stating: “The object of the company is to research, develop, manufacture, market, sell and deliver products, software and services in a wide range of consumer and business-to-business markets. These products, software and services relate to, among others, network infrastructure for telecommunication operators and other enterprises, the internet of things, human health and well-being, multi-media, big data and analytics, mobile devices and consumer wearables and other electronics. The company may also create, acquire and license intellectual property and software as well as engage in other industrial and commercial operations, including securities trading and other investment activities. The company may carry on its business operations directly, through subsidiary companies, affiliate companies and joint ventures.”