It has been a while since Microsoft came out with a new smartphone. Many have written obituaries for the company’s smartphone business seeing as how it has more or less given up on the market. The company recently said that it’s looking to shake things up considerably, essentially saying that it won’t launch a new smartphone just for a sake of launching one. Rumor has it that the company has a new Windows 10 Mobile-powered mobile device in development.

Rumor has it that the new Windows 10 Mobile-powered mobile device might either be a smartphone or tablet, that crucial detail hasn’t been confirmed as yet. However, it’s claimed that this device is already “floating around campus” over at Redmond.

It’s believed that Microsoft is more likely to be working on a new smartphone than a tablet given that tablets are not aligned with the company’s hardware objectives at this point in time. Rumor has it that this device isn’t being developed as part of the Surface lineup and that the head of HoloLens Alex Kipman is leading the project.

The new device is said to be a premium product so it may be expensive but possibly not as expensive as the HoloLens. It’s also said that the device may be focused towards enterprise customers so perhaps it might be a mobile device that pushes Windows 10’s flexibility on the mobile and desktop spectrum as opposed to a smartphone that’s geared towards the average consumer.

None of this has been officially confirmed so take it all with a healthy dose of salt.

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