StrategicReview
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Nokia might give up on wearables (updated)
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 comes after news that the company could shed up to 425 jobs 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 Apple's HealthKit. The deal came amid a spate of acquisitions by Nokia, buoyed by investment from Microsoft following their Windows Phone agreement.
