As it stated in Although the break news that Nokia phone was conducting a strategic show of its digital health business did'nt sound perfect for a sector the Finnish firm that acquired its way into only 2 years ago, an internal memo obtained with The Verge added further reason for doubt about the aftertime for digital health at Nokia. Despite the news, a Nokia phone spokesperson said MobiHealthNews in the wake of the strategic show reported final 7 days that digital health products are doing well. Nokia acquired French wearables and connected health business Withings in 2016 for $192.3 million. Prior to the deal, Nokia phone Technologies released a $350 mn net of Things fund to aim investments in digital health, connected enterprise, user solutions, and connected cars. Here is a larger passage from the memo that sheds a tiny further light on the digital health business below:
collected by :Roy Mark
Leaked Nokia phone memo tells no path forward for 'struggling' digital health business
Nokia's health tech business is in trouble — further than the firm going to publicly admit. "Currently, we don't see a path for [the digital health business] to become a meaningful fraction of a firm as big as Nokia."The memo doesn't tell definitively which Nokia phone is shutting drop its digital health business, however it is unquestionably preparing the ground. Nokia premier jumped into the digital health industry in 2016 with its $190 mn purchase of French startup Withings. After the purchase, Nokia phone adopted and rebranded a choice of Withing's products, involving the Steel and Steel HR smartwatches. Nokia continue maintains a thriving telecoms and patent business worth roughly €23 bn a year.Nokia starts show of digital health business, cuts jobs in Finland
referring to HELSINKI (Reuters) - Finnish network gear producer Nokia phone has started a strategic show of its digital health business and reported further than 400 job cuts in its house country. Digital health, fraction of Nokia phone Technologies unit, is 1 of the areas where the firm had been looking for development opportunities amid a tough market for its mainstay telecom network gear business. The Finnish firm told its patent business, brand partnerships and tech licensing units aren't in the scope of the review. In 2016 Nokia phone purchased France's Withings, that makes activity trackers and thermometers, for 170 mn euros ($212.3 million)as an premier move in the health market. But the firm wrote drop 141 mn euros of goodwill on the business in the 3rd quarter of 2017.Digital health round-up: can Nokia phone kill off digital health unit?
The Finnish company has endeed released a 'strategic review' of its digital health business, telling that all options are on the table. Nokia's digital health business is based around the wearables company Withings, that it purchased in 2016 for almost $170 million. Also key to the business was a virtual fact cam that Nokia phone wished would have apps in digital health. Currently we don't see a path for [the digital health business] to become a meaningful fraction of a company as big as Nokia," she went on. South Korea's digital health driveSouth Korea is too aiming to realise the possibility of digital health, with a comprehensive DB of genetic and biometric information from ten mn people, in a bid to boost its pharma and biotech industry.collected by :Roy Mark
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