Nokia has revealed plans to sell its digital health business back to the co-founder of Withings, the French health tracking company Nokia bought in 2016.
Finland-based Nokia originally acquired Withings for $192 million in an effort to re-establish a presence in the consumer electronics market, rebranding Withings' iOS-compatible smart connected home products as well as a range of health and fitness wearables.
However, it looks as if the acquisition simply didn't pay off for the erstwhile mobile phone powerhouse. In 2017, the digital health division earned just $62.4 million in revenue, but the rest of the company posted sales of $27.9 billion. Now Nokia is handing back the business to Withings' co-founder, Éric Carreel. The sale will likely be at a significant loss, although the Nokia press release didn't mention figures:
Nokia announced a review of strategic options for the Digital Health business in February 2018. The planned sale is part of Nokia's honed focus on becoming a business-to-business and licensing company. The transaction is subject to terms agreed in the negotiations and completion of the information consultation with the Works Council of Nokia Technologies (France) SA., with the deal expected to close in late Q2 2018.
The announcement follows recent reports of layoffs from the company, as well as a leaked memo that revealed the digital health division was in a bad way with little prospect of turning things around. Then in October, Nokia announced a $164 million write-down of the division's assets. Google and Samsung were reportedly looking into taking the ailing health business off Nokia's hands, but today's announcement suggests nothing substantial came of the negotiations.
Top Stories
Apple will announce a new 13-inch MacBook Pro in May with the codename J223, according to a rumor shared by YouTuber and leaker Jon Prosser. Note: it’s a refresh to the current 13” So the bigger 14” display upgrade is a big possibility— Jon Prosser (@jon_prosser) April 4, 2020 Analyst Ming-Chi Kuo has said Apple plans to release new MacBook Pro and MacBook Air models with scissor keyboards ...
iOS 14 could offer home screen widgets and wallpaper customizations for the first time, according to 9to5Mac and Twitter user DongleBookPro.
Apple is reportedly working to implement widgets that can be moved freely around like icons on the iPhone and iPad homescreen for the very first time. The feature is reportedly codenamed "Avocado" and no other details are available. It was also...
Two images shared on social media this morning are currently stoking speculation about possible hardware redesigns coming to the iPhone 12 and the potential introduction of Home screen widgets in iOS 14.
Shared by Twitter user Fudge (choco_bit), the images depict a front and rear graphical representation of a smartphone with interface elements on the screen, suggesting it came out of a...
Further references to Apple's upcoming low-cost iPhone have appeared online, one on a Chinese e-commerce website and another on Verizon's smartphone trade-in page.
Spotted by tech blog MySmartPrice, Chinese retailer JD.com has published a placeholder for Apple's so-called "iPhone 9" that includes a teaser image of a veiled smartphone, but other than that it lacks any particularly revealing...
Apps with sign-in functionality, including The New York Times, IFTTT, Medium, and more, have continued to adopt Apple's secure Sign in with Apple feature ahead of a deadline of June 30. The deadline for these apps to support the feature was recently extended from April 30.
Sign in with Apple, first introduced in iOS 13, allows users to create accounts for apps and websites using an Apple ID. ...
A sizeable number of Mac users are experiencing occasional system crashes after updating to macOS Catalina version 10.15.4, released a few weeks ago.
The crashing issue appears to be most prominent when users attempt to make large file transfers. In a forum post, SoftRAID described the issue as a bug and said that it is working with Apple engineers on a fix for macOS 10.15.5, or a...
Apple today released iOS and iPadOS 13.4.1, minor updates that come two weeks after the release of iOS and iPadOS 13.4, major updates that introduced iCloud Folder Sharing, a new Mail toolbar, trackpad support for the iPad, and more.
The iOS and iPadOS 13.4.1 updates are available on all eligible devices over-the-air in the Settings app. To access the updates, go to Settings > General...
With the calendar rolling over to April this week, we yet again saw several leaks and rumors, most notably including Apple itself leaking some references to a pair of long-rumored products: a new budget iPhone SE and AirTags item trackers.
Subscribe to the MacRumors YouTube channel for more videos. Apple also acquired popular weather app Dark Sky, while Amazon's Prime Video app now allows...
Rumors of Apple-branded over-ear headphones have been circulating for quite some time, while more recent rumors have mentioned an "AirPods Pro Lite" that could also be in the works, and Twitter leaker Jon Prosser's recent foray into Apple rumors provides a bit more detail on what we might able to expect for these products.
Current Beats Studio3 Wireless and BeatsX On the over-ear side,...
Apple CEO Tim Cook today shared a video message with an update on the company's response to the ongoing pandemic.
Cook said Apple has now sourced over 20 million masks that it is in the process of donating to healthcare professionals around the world. Apple is working with governments to ensure that the masks are donated to the places of greatest need.
Cook added that Apple's design,...
Top Rated Comments
(View all)Glad to see Withings take it back over
Nokia have no idea what they should be doing anymore.