“In a press release issued at 3:01 a.m. Monday morning, Microsoft Corp. announced the first – and quite possibly the last – mobile phone to bear the name of the Finnish handset maker that has now become a division of the Redmond, Washington [company],” 24/7 Wall St. writes.

“The Nokia 130 may be the cheapest phone ever to carry the name. It costs just €19 (about $25) and will be available in selected markets, including China, Egypt, India, Indonesia, Kenya, Nigeria, Pakistan, the Philippines and Vietnam,” 24/7 Wall St. writes. “The [feature] phone is aimed at the first-time phone buyer and… it is not a smartphone.”

24/7 Wall St. writes, “The phone does not offer Internet connectivity, but Microsoft seems willing to take a chance that the phone will be a hit among first-time buyers in developing countries.”

Read more in the full article here.

MacDailyNews Take:

Apple’s iPhone is a “niche product.” — Nokia’s then-CEO Olli-Pekka Kallasvuo, April 17, 2008

Olli-Pekka is currently “spending time with his family.”