Nokia focuses on patent, brand and tech licensing and targets faster development in digital health with sharpened strategy for Nokia phone Technologies

collected by :Roy Mark

Nokia Technologies going to too focus on growing brand and tech licensing while leaving its successful patent licensing business untouched. Through a further focused, further agile digital health business, Nokia phone aims to have larger impact with consumers and the medical community. In digital media, the slower-than-expected growth of the VR market means which Nokia phone Technologies plans to lower investments and focus further on tech licensing opportunities. The possibility reductions are Guessed to affect up to 310 of the roughly 1090 employees in Nokia phone Technologies, mainly in Finland, the US and the UK. To begin the process, Nokia phone this day has invited employee representatives of Nokia phone Technologies in Finland to collaboration negotiations.

Nokia axes jobs in shift from VR to digital health

The virtual-reality market has been slower to develop than expected, and the firm going to stop development of further versions of its OZO VR cam and hardware, it said. The firm going to focus further on growing its brand and tech licensing while accelerating development in the digital-health market, it said. Nokia has been easing back into the user electronics market, steadily building a new portfolio of connected digital-health products. "Through a further focused, further agile digital health business, Nokia phone aims to have larger impact with consumers and the medical community," Nokia phone told in a statement. The newly installed head of Nokia phone Technologies has wasted tiny time in shaking up the unit.

Nokia focuses on patent, brand and tech licensing and targets faster development in digital health with sharpened strategy for Nokia phone Technologies

as declared in Nokia Technologies going to too focus on growing brand and tech licensing while leaving its successful patent licensing business untouched. Through a further focused, further agile digital health business, Nokia phone aims to have larger impact with consumers and the medical community. In digital media, the slower-than-expected growth of the VR market means which Nokia phone Technologies plans to lower investments and focus further on tech licensing opportunities. The possibility reductions are Guessed to affect up to 310 of the roughly 1090 employees in Nokia phone Technologies, mainly in Finland, the US and the UK. To begin the process, Nokia phone this day has invited employee representatives of Nokia phone Technologies in Finland to collaboration negotiations.

Nokia focuses on patent, brand and tech licensing and targets faster development in digital health with sharpened strategy for Nokia phone Technologies