Nokia rethinking its Digital Health business

Nokia rethinking its Digital Health business 1

Nokia rethinking its Digital Health business

Nokia has announced that it is undertaking a “review of strategic options” regarding its Digital Health business, a market that the company entered two years ago when it acquired Withings. The rather brief post highlights the suite of products in the company’s Digital Health portfolio — hybrid smart watches, scales, and digital health devices that effectively all came from the Withings brand — and notes that the review “may or may not result in any transaction and other licensing changes” and that it will make another announcements “if and when appropriate.” While the vague blog post is relatively unclear, the review suggests that Nokia may be considering divesting itself from the health business altogether, after recent reports suggesting that it had overestimated the value of Withings’ assets in the first place, and struggles with regulatory issues that resulted in some features being removed from its products earlier this year. [via The Verge]

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