Nokia did not go bankrupt, it just sold its mobile phone business to Microsoft.

At 19:00 on April 28, 2014, Microsoft officially announced the completion of the acquisition of Nokia's equipment and services department. After the acquisition, the entity company was renamed "Microsoft Mobile", but the "Nokia" brand will remain. On September 3, 2013, Microsoft announced that it would acquire Nokia's devices and services department for US$7.2 billion.

After the acquisition is completed, the Nokia entity will be renamed "Microsoft Mobile", but the "Nokia" brand name will always be retained and used, which means that Nokia brand mobile phones will not disappear with Microsoft's acquisition . At the same time, Nokia's 32,000 employees will join Microsoft.

It was announced in April this year that Nokia of Finland announced the acquisition of Alcatel-Lucent for 15.6 billion euros (approximately US$16.6 billion). At that time, some analysts pointed out that after the transaction is completed, Nokia’s revenue in the telecommunications equipment field will be Beyond Ericsson and Huawei. Nokia mainly has three businesses: equipment and services, Here maps and network equipment. After selling the equipment and services department, Nokia can get rid of its long-term loss-making mobile phone business, allowing it to focus more on Here map services and network equipment.