Back in 2016, Nokia acquired health startup Withings in a deal estimated at $192 million, hoping to re-establish its presence in the consumer electronics market. Nokia did this by rebranding Withings' iOS compatible products under its own name, with devices like the Withings Steel Watch and Withings Go fitness trackers becoming the Nokia Steel and Nokia Go.
Unfortunately for the company, the acquisition has largely been seen as a failure, with the digital health division earning just $62.4 million in 2017, part of Nokia's overall $27.9 billion in revenue for the year. Because of this, the company announced earlier in May that it would sell the division back to Withings co-founder, Eric Carreel, and today that deal has officially closed (via TechCrunch).
Financial terms were not given for the sale, but it is said to have included 200 employees rejoining Carreel under the Withings brand. Moving forward, Carreel said that the next steps for the renewed Withings brand will be a "relaunch" of its products focused on preventive health coming by the end of 2018.
In late 2016 Nokia and Apple entered a series of legal battles that began when Nokia sued Apple for patent infringement in the United States and Germany. As the dispute escalated, Apple decided to remove all Withings products from Apple.com and most Apple retail locations around the world, since the connected health devices were at the time under the Nokia umbrella. Although many of the Nokia-branded products have since returned to Apple.com, Withings should have a much easier time selling its smart scales and more when it returns to its original branding scheme later this year.
Unfortunately for the company, the acquisition has largely been seen as a failure, with the digital health division earning just $62.4 million in 2017, part of Nokia's overall $27.9 billion in revenue for the year. Because of this, the company announced earlier in May that it would sell the division back to Withings co-founder, Eric Carreel, and today that deal has officially closed (via TechCrunch).
Financial terms were not given for the sale, but it is said to have included 200 employees rejoining Carreel under the Withings brand. Moving forward, Carreel said that the next steps for the renewed Withings brand will be a "relaunch" of its products focused on preventive health coming by the end of 2018.
“I am delighted to start working again with the brilliant teams that made the brand such a great success” said Carreel in a statement. “We have an exciting challenge ahead of us as we continue to push the boundaries of connected health.”Withings offers connected products like scales, activity tracking smart watches, blood pressure monitors, smart thermometers, sleep trackers, and more, and according to TechCrunch it "sounds like it will keep all of these in place" after the relaunch. The news of the deal closing also brought confirmations of an executive shakeup in Nokia, with president Gregory Lee exiting Nokia and Maria Varsellona stepping up to the duty from a chief legal officer position.
“We are still only just starting to discover what connected health can really bring to people,” said Carreel in a statement. “From now on we must concentrate our efforts on developing tools capable of advanced measurements and the associated services that can help prevent chronic health conditions. Today’s technologies allow us to imagine solutions that have the potential to benefit the lives of millions of people, and our ambition is to ensure that we, as Withings, lead the way with technological advances and intuitive designs.”
In late 2016 Nokia and Apple entered a series of legal battles that began when Nokia sued Apple for patent infringement in the United States and Germany. As the dispute escalated, Apple decided to remove all Withings products from Apple.com and most Apple retail locations around the world, since the connected health devices were at the time under the Nokia umbrella. Although many of the Nokia-branded products have since returned to Apple.com, Withings should have a much easier time selling its smart scales and more when it returns to its original branding scheme later this year.
28 comments
After posting a brief teaser last week, Apple today shared the first official trailer for "The Morning Show" starring Reese Witherspoon, Jennifer Aniston, and Steve Carell.
The trailer...
Apple today revealed job creation figures in South Korea for the first time since entering the country two decades ago, as noted by The Korea Herald.
In a new page on its website, Apple says...
Apple CEO Tim Cook and U.S. President Donald Trump met for dinner on Friday evening, and Trump has since told reporters that the two discussed the impact of U.S. tariffs on Apple products imported...
Apple Arcade, Apple's upcoming subscription-based gaming service, was first introduced in March and is set to launch this fall.
Ahead of the upcoming launch, Apple has debuted an early...
New leaked assets from the watchOS 6 beta suggest Apple plans to launch new ceramic and titanium Apple Watch models as early as next month.
Discovered by iHelpBR, the assets belong to the...
Apple in iOS 13 made changes to the way location tracking permissions work, and there's no longer an option for apps to ask to "Always Allow" location tracking.
Instead, Apple allows...
Along with many new features for the iPhone and the iPad, iOS 13 brings updates to CarPlay, overhauling the interface for the first time in years and adding useful new functionality.
In our...
Japan Display will supply OLED displays for new Apple Watch Series 5 models slated to launch in the second half of 2019, according to the latest prediction from well-known analyst Ming-Chi Kuo.
...
