Published: Thu, February 15, 2018
Research | By Jody Lindsey

Nokia Announces Strategic Review Of Its Digital Health Unit

Nokia Announces Strategic Review Of Its Digital Health Unit

In a brief statement, Nokia said it has initiated a strategic review of its Digital Health business, which is part of Nokia Technologies and that the review "may or may not result in any transaction or other changes".

This review will apparently include Nokia's consumer and enterprise products, which covers its hybrid smartwatches, smart scales and digital health services.

Nokia did not give any reasons for the review - but it has been public knowledge that all is not well at the unit since late past year when the firm axed development of a high-tech but high-cost virtual reality camera that could have had applications in digital health. During that process it has been relaunching Withings' connected health devices with Nokia branding including the Nokia Steel HR, which launched in late 2017, and more recently the Nokia Sleep monitor, which replaced the Withings Aura. "Any further announcements about the Digital Health business will be made if and when appropriate".

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At the time of the Withings acquisition, Ramzi Haidamus, then-president of Nokia Technologies, called the expansion in digital health "an exciting new chapter in the history of Nokia Technologies".

Separately, Reuters reported Nokia is planning to cut roughly 425 jobs this year in its home country of Finland.

But the wearables market has clearly faltered lately, as noted by TechCrunch, based on the struggles of companies like Fitbit. "The strategic review of the Digital Health business may or may not result in any transaction or other changes", the company said in its press release, which means that it's going to consider all options on the table so a sale is not necessary.

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