Once upon a time Nokia had plans for a smartwatch codenamed Moonraker. However, after it sold its Devices & Services business to Microsoft in April 2014, the device was dumped in favour of the Microsoft Band, much to our chagrin.
Now Nokia might be about to finish what it started and get back into wearable tech. As part of a restructuring of the company, Nokia plans to amend its Articles of Association to include "mobile devices and consumer wearables and other electronics."
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What this means to non-business people is that Nokia will be back in business, making consumer electronics, some of which will include wearables, possibly not entirely unlike the Moonraker that Microsoft tossed in the garbage. That said, Microsoft presumably currently owns the rights to the original design, so Nokia would have to come up with something different enough to avoid a lawsuit.
Additional rumours suggested that Nokia (even after the acquisition) was working on a wearable prototype technology based on the company's Kinect and Morph research. So it's possible that Nokia already has something in the pipeline that we could see launch in 2016.
So what should we expect? In recent months reports have come out that the company is working on wearables specifically designed for the health and wellbeing market. It is possible that a fitness band is in the works, or Nokia is hoping to capitalise on advanced biometric data to make a smartwatch that can properly analyse and track activities.
As for its "other electronics" category, we've already seen what kind of products Nokia can produce with the OZO camera ball. The days of Nokia producing zany gadgets are far from over and that's good news for wearables.