Nokia has before sold their rights to Microsoft and had to lose their idea of once making a wearable smartwatch. This was an idea that Nokia had long developed that Microsoft did not find would meet their needs. Microsoft instead made a different type of smart band. Now Nokia is trying to get the rights back to be able to once again develop wearable technology in their new contract with Microsoft. If the new contract were to go through, it is rumored that Nokia would once again develop their smartwatch that they had once planned. It would be something in the realm of the fitness band technology world.