Rumors were circulated on social media that Nokia will release an update to its phone Nokia 3310 at the world’s largest gatherings for the mobile industry "Mobile World Congress" (MWC).
Once the undisputed king of the mobile market, Nokia's fortunes took a turn for the worse after its decision to support the Windows mobile operating system exclusively.
With stiff competition from iOS and Android, the flagging firm's handset activities were sold in 2014 to Microsoft to allow Nokia to focus on mobile network equipment.
But the Finnish company behind the latest models of Nokia, HMD Global, may be hoping to cash in on nostalgia to help its new handset compete with more high-tech offerings from smartphone favourites like Apple and Samsung.