Nokia’s health tech business is in trouble — more than the company will publicly admit.
Last week, the Finnish telecoms launched a “strategic review” into the health division, stressing that no firm decision about its future had been made. But, in a company memo seen by The Verge along with screenshots of the internal work chat, Nokia’s chief strategy officer Kathrin Buvac told employees that “our digital health business has struggled to scale and meet its growth expectations.”
“Rather than only falling in love with our technology, we must be honest with ourselves,” writes Buvac. “Currently, we don’t see a path for [the digital health business] to become a meaningful part of a company as large as Nokia.”
The memo does not say…