Nokia Announces Strategic Review Of Digital Health Unit

Nokia Health

Nokia added that any further announcements regarding its Digital Health business will be made when appropriate. However, Nokia could possibly end up selling its Digital Health business because the company has confirmed today that it has begun a strategic review of the business to consider its options.

Nokia'sDigital Health business portfolio includes consumer and enterprise products, and it manufactures and sells an ecosystem of hybrid smart watches, scales and digital health devices to consumers and enterprise partners.

Nokia chose to appoint former Withings CEO, Cedric Hutchings, as unit head, basing a range of digital health devices around a redesigned app, Nokia Health Mate.

Nokia is in the midst of a massive re-structuring in the wake of its 2016 acquisition of Alcatel-Lucent, and in addition to the strategic review of the digital health unit has also begun cutting jobs, with up to 425 positions reportedly to be cut this year in Finland. "A Nokia spokesman told Reuters that the company "[remained] confident in the potential of our digital health business" and that it believed "we have the assets, the brand and the innovation capabilities to succeed".

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 a year ago when the firm axed development of a high-tech but high-cost virtual reality camera that could have had applications in digital health.

But the wearables market has clearly faltered lately, as noted by TechCrunch, based on the struggles of companies like Fitbit. "But as tastes and demands have changed towards multi-purpose devices-like smartwatches from Apple, Fossil, and Samsung-vendors find themselves at a crossroads to adjust accordingly to capture growth opportunity and mindshare".

Related News:

  • Xbox Party Chat now available via iOS, Android

    Xbox Party Chat now available via iOS, Android

    You can also invite others to a party chat, or control the settings for a chat using the mobile apps. Microsoft has just launched party chat support in its Xbox apps for Android and iOS .

    Italy Trade Surplus Shrinks In December

    The departure of the United Kingdom from the European Union may put pressure on the trading relations between Ireland and the UK. The trade surplus dropped to Euro 5.3 billion in December from Euro 5.7 billion in the corresponding month past year .

    (NYSE:FDX) Shares Sold by Gateway Investment Advisers LLC

    Natixis Asset Management, which manages about $1.16 billion US Long portfolio, decreased its stake in American Tower Corp. Among 15 analysts covering Expeditors International of Washington ( NASDAQ:EXPD ), 3 have Buy rating, 2 Sell and 10 Hold.
  • Nokia 7 Plus, Nokia 1 Android Phones Revealed In Leaked Renders

    Nokia 7 Plus, Nokia 1 Android Phones Revealed In Leaked Renders

    It should run Android Go (Oreo Edition) that is a lighter version of the OS developed by Google for the low-end smartphones. Android One is being installed on several phones already but Nokia seems to be considering it for the premium Nokia 7 +.

    Stephens Inc. AR Buys Shares of 3871 Jacobs Engineering Group Inc (JEC)

    Fny Managed Accounts Limited stated it has 0.03% of its portfolio in Jacobs Engineering Group Inc. (NYSE:JEC) for 357,937 shares. Want to see what other hedge funds are holding JEC? On Tuesday, July 26 the stock rating was maintained by Citigroup with "Buy".

    The 3M Company (MMM) Stake Raised by Oakbrook Investments LLC

    It is negative, as 59 investors sold MMM shares while 612 reduced holdings. 101 funds opened positions while 417 raised stakes. Therefore 30% are positive. 3M has a consensus rating of "Hold" and an average price target of $225.44.
  • Occidental Petroleum Corporation (NYSE:OXY)

    It improved, as 33 investors sold HRS shares while 196 reduced holdings. 111 funds opened positions while 421 raised stakes. Virginia Retirement Et Al has invested 0.01% in American Assets Trust, Inc. 11,440 are held by Davenport Limited Liability.

    Buy or Sell Recommendation?: Citizens Financial Group, Inc. (CFG)

    Wafra Investment Advisory Group Inc, which manages about $7.55B and $2.06B US Long portfolio, decreased its stake in Celgene Corp. It is positive, as 50 investors sold CFG shares while 178 reduced holdings. 55 funds opened positions while 175 raised stakes.

    Analyst Opinion Summary: Weatherford International plc (WFT), OncoSec Medical Incorporated (ONCS)

    Following the sale, the vice president now owns 232,399 shares of the company's stock, valued at approximately $985,371.76. American National Insurance Communications Tx owns 1.73% invested in The Boeing Company (NYSE:BA) for 129,450 shares.
  • What Are Analysts Suggestions On National Oilwell Varco, Inc. (NOV)

    Keybank National Association Oh reported 7,963 shares. (NYSE:NOV) earned "Sell" rating by Suntrust Robinson on Monday, August 7. National Oilwell Varco, Inc. price was kept to a minimum $33.115 in intra-day trade and has returned -6.55% this year alone.
    Purchases 212814 Shares of Shaw Communications Inc (SJR)

    Purchases 212814 Shares of Shaw Communications Inc (SJR)

    The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.06). Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) was the recipient of a significant growth in short interest in January.
    Dynasty Warriors 9 update 1.03 includes frame rate improvements

    Dynasty Warriors 9 update 1.03 includes frame rate improvements

    But Koei Tecmo and Omega Force have reacted swiftly to try and remedy the issue with the Dynasty Warriors 9 update 1.03. Original Dynasty Warriors fans do not like the changes, while newer players don't seem to mind the change in flavor.


Most liked

Paczki Day at Smurawa's Country Bakery
LaDawn Stuben, the head pastry chef at Liberty Market in downtown Gilbert, learned to make the decadent doughnut five years ago, after her husband - who's from MI - had trouble finding them in Arizona.

Advisory Services Network Decreased By $389312 Its Vertex Pharmaceuticals (VRTX) Position; Rhythm
Achmea Investment Management B.V. lifted its holdings in shares of Vertex Pharmaceuticals by 68.0% in the second quarter. Dekabank Deutsche Girozentrale invested 0.18% of its portfolio in Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX).

What you really want: Spice Girls to reunite for tour
The five pop stars met at Geri Horner's home recently, with each of them uploading smiling photos of the get together on Instagram .

Progressive Corp (NYSE:PGR) Short Interest Update
Cypress Capital Management LLC WY acquired a new stake in Progressive Corporation (The) in the 2nd quarter valued at $106,000. With 3.06M avg volume, 2 days are for Progressive Corporation (NYSE: PGR)'s short sellers to cover PGR's short positions.

Must Yankees things to know Thursday | Daredevil Aaron Judge won't change ways
The surgery cleaned out some cartilage. "He said, 'When we get down to Tampa , let's spend some time in the cage and pick each other's brain".

EPL: Pogba 'regrets' Manchester United return following fallout with Mourinho
Sources told ESPN FC that Chelsea were unfamiliar with Corti's identity as a prankster and his intentions when he was accredited for the press conference.

Fannie Mae to seek $3.7B cash infusion from USA taxpayers
Additionally, Fannie Mae provided more than $67 billion in multifamily and other rental financing in 2017, the company said . They now send almost all of their profits to the government and aren't required to pay anything when they have losses.

Roundview Capital LLC Has $2.66 Million Stake in Southwest Airlines Co (LUV)
The company was upgraded on Thursday, January 5 by Morgan Stanley. (NYSE: LUV ) on Wednesday, September 20 to "Outperform" rating. Oregon Pub Employees Retirement Fund stated it has 219,858 shares. 93,717 were accumulated by Lee Danner And Bass. (NYSE: LUV ).

Key Market Mover: Pennsylvania Real Estate Investment (PEI)
Thus, we should look at Washington Real Estate Investment Trust's debt-to-equity ratio to examine sustainability of its returns. Also, Director Jeffrey Caira purchased 45,000 shares of the business's stock in a transaction dated Thursday, December 14th.

Conning Inc. Increases Position in Caterpillar Inc. (NYSE:CAT)
Since October 26, 2017, it had 0 insider purchases, and 4 insider sales for $16.35 million activity. Another trade for 1,572 shares valued at $216,276 was made by De Lange Bob on Thursday, October 26.

411's WWE NXT Report 2.14.18
Winner: Pete Dunne defends his WWE United Kingdom Championship against Roderick Strong via pinfall with the Bitter End. Tiger Bomb connects! Strong Hold coming, but he's having trouble keeping the submission locked in with the bad arm.

Florida High School Football Coach Deemed A Hero
Someone on the radio asked if loud sounds they heard were firecrackers, said football coach Willis May, who also carries a radio. Authorities say Feis was one of almost 20 victims who died in the shooting at the hands of Nikolas Cruz, 19.

FAU defensive coordinator Chris Kiffin joining 49ers coaching staff
They also lost offensive line coach Garin Justice (UNLV) and defensive backs coach Corey Batoon (Hawaii). Kiffin is the fourth member of the coaching staff to leave the program.

Analysis finds GOP skew in Pennsylvania plan
Wolf says the Republicans' latest plan still contains unconstitutionally partisan tactics that favor Republicans. But Corman says there's no time under the court's deadlines for Pennsylvania's Legislature to pass a new map.

Analyst's Predictions on Oasis Petroleum Inc. (OAS), Lennar Corporation (LEN)
A high P/E suggests that investors are expecting higher earnings growth in the future compared to companies with a lower P/E. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Oasis Petroleum by 103.7% in the third quarter.