Nokia can't see the fortunes of its Digital Health business turning around

Last week Nokia announced it is considering the future of its Digital Health business, but a leaked memo revealed that the company is planning to abandon the consumer product part of it, although a final decision is not yet done. Kahtrin Buvac, Chief Strategy Officer at Nokia, told employees the "digital health business has struggled to scale and meet its growth expectations". The memo does not say that Nokia decided completely to shut down the digital health business. The purchase of Withings back in 2016 was seen as "placing a bet" that took off for a brief moment with the Steel...

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