After very public problems with regulators forced Nokia to disable key features of its Body Cardio scale, a leaked memo obtained by The Verge reveals that the company’s strategic review of its digital health business shows the division may be in big trouble.
Nokia’s chief strategy officer Kathrin Buvac wrote that, “Rather than only falling in love with our technology, we must be honest with ourselves.
Currently, we don’t see a path for [the digital health business] to become a meaningful part of a company as large as Nokia.” While the memo stops short of saying Nokia will shutter its digital health business — which began in 2016 when the company acquired French startup Withings for $190 million — Buvac said Nokia is now looking to become “a business-to-business and licensing company.”
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