Thursday, June 16, 2016

iHealth-Nokia exits smartphone market....

Nokia will no longer build smartphones.  Nokia announced it would be entering the digital health market

FierceWireless covers the story;

Just a few months after closing its merger with Alcatel-Lucent, Nokia announced it will spend roughly $191 million to purchase Withings, a French startup founded in 2008 that makes activity trackers, weighing scales, thermometers, blood pressure monitors, home and baby monitors and other health-related gadgets and services. Nokia said it would add the company to its Nokia Technologies division, which also houses the company's patent-licensing business as well as its new virtual reality camera-making effort.

Nokia isn't the only company to play in the digital health market. AT&T operates a Foundry program for connected health at the Texas Medical Center Innovation Institute in Houston, and Verizon has structured its enterprise business around a dozen or so top industries, including healthcare. And Qualcomm continues to push its "Qualcomm Life" digital health effort.

Nokia sees mobile health gadgets as a growing market. Withings is known for it's smartwatch offering. 

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