One cell phone company is trimming the fat and going back to basics after stepping into the health technology space. Two years ago Nokia purchased Withings, a French based health technology company for 190 million dollars. Recently, the company announced that it will be having a “strategic review of its digital health business.”
The review of Withings is most likely due to the challenges that have occured since acquiring the company. Reports have shown a decrease in customer satisfaction with their products and Nokia overestimating the worth of Withings assets during the purchase.
Despite this, Nokia’s sales are still in great shape, keeping them in the market, with their international sales.