Saturday, April 20, 2024

Nokia might give up on wearables

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Less than two years after spending millions repositioning itself in the consumer health market, Nokia has announced a strategic review of its digital health business which will see 425 job losses in its home country of Finland. Nokia acquired French fitness tracker manufacturer Withings for $191 million in 2016 as part of its new digital health strategy WellCare, which is not dissimilar to Apples HealthKit. The deal came amid a spate of acquisitions by Nokia, buoyed by investment fro….
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