"speadeemon • Apr 26, 2016 10:24 PM Remove
What is your opinion on this purchase? I'm not sure I'm seeing it as a standalone purchase. The only thing I can think of is that Microsoft, Samsung, Apple all have their stylish gear. Maybe Nokia is planning a major re-entry into the mobile market (someone else making their phones) with the plan to integrate all the products..."
speadeemon • May 6, 2016 1:02 AM
When I first heard about this purchase, I thought there must be something more..maybe getting back into phones and having them built like Apple does it. There is more to the picture though."
I think I wasn't too far off. They technically aren't back in the game (and I'm very happy for that), but there are a lot of ex-Nokia employees working for Finland based HMD (and I'm very happy for that). I think this is going to be a big deal. Let's hope they have a game plan and are ready to execute pretty quick (within a year).
Nokia still has a lot of fans here in Asia. Quick story, was in getting a massage with my gf at one of the shops (ya..ya.. it was legit). Place was pretty busy, someone had an old Nokia candybar as the classic ringtone went off. All the gals in the shop started laughing and saying "oh..No kee YAH!!" Samsung rules over here. Nokia stood 0 chance with Windows on their phones, but I think the new Nokia brand would be competitive. Thais can be very style conscious and also jump on trends, so it's possible wearables could become a big thing here...Rocking a stylish "old school brand" Nokia with a Nokia wearable. Don't have a bunch of cultural visibility on other Asian countries, except Japan, but I feel like culturally, the way they view phones/accessories, is the same and people may be getting tired of Apple/Samsung (same thing), so Asia is *potentially* a very good market.
US? who knows. Nokia (marketing wearables) and whoever ends up marketing the new phones better do a way better job than Nokia did last time.
plug that into your google search ... inassignee:"Nokia Technologies Oy" graphene ... to see Nokia's Graphene related patents
Surfing on the internet this afternoon, I read an article that sparked a long forgotten memory with the word "graphene". Remember when that was a hot topic back when Nokia was making phones?
Do a search on Nokia Graphene MWC or just Nokia Graphene. Lots of interesting information pops up (keep it current by limiting results to a year).
Search on: "Nokia graphene updates from the 2016 MWC"
"The graphene keynote speech in the MWC 2016 included Nokia's Head of Business Line, Tapani Ryhanen's talk on graphene activity in Nokia.
Nokia lecture activities image
It was a fascinating segment that shed light on the company's graphene-related activities, some of which (as can be seen in the image above) are energy storage applications, sensors, various electronic devices, photonics, optoelectronics and even graphene manufacturing - which shows that the company is really aiming at completing a full circle of graphene use. "
If you manage to find the article, click on the presentation slide.
watch?v=thLo19BWQCc - Tapani Ryhanen' from 2014
search on "An apparatus and method for monitoring biometric parameters using an ambient light collector" 2015 Nokia patent
You can bet that Nokia will be leveraging it's graphene expertise to their foray into the wearable consumer space.
Means absolutely nothing for short term traders and the next few quarters, but the future is interesting.
When I first heard about this purchase, I thought there must be something more..maybe getting back into phones and having them built like Apple does it. There is more to the picture though. Maybe Josh can speculate. Wasn't there some concern that now that Nokia is out of the phone business, that they can make a bunch more money from their patents? Look at how Apple's stock price recently got hammered because sales didn't meet expectations. Why would Nokia want to get back into that quagmire when they can rake in patent income.
Haidamus isn't excluding the phone. In fact, the phone/mobile is an important component. It's the middleman between that device and you, your doctor, research. The phone is just another device contains an app that collects, displays, stores (in the cloud) that information.
I read an article yesterday about Apples Jonathan Ive and he is quoted: "In our work, we've always tried to design in a way where you're not aware of the problems that we've had to solve. That's the job of the designer: to solve problems and explore, but not really drag you through what all the problems were." I'm not sure how successful they have been as I find Apple products not very intuitive to use, but others obviously find them very easy to use. Anyway, my point is that it sounds like Withings/Nokia is striving for that same philosophy: "We will be building up our product portfolio so it fits seamlessly into everyday life," That's a key thing. It just has to be part of your day to day life and not get in the way. That takes it from being just another gadget.
All talk at this point, but seems like medical-grade wearables, connected health is going to be a big thing. How well will Nokia get out front and execute?
Enjoy your summer Fr3nch! Coming back for a year starting next Jan. Going to do a ski season out in Montana. Want to hit 3 races and scratch some more things off my bucket-list: MotoGP in Austin or Indy, Formula One at Austin, and a Supercross race (have seen a couple on tv this year). Judging from the crowds I see, Supercross may be the hardest to get good tickets. Get some fishing in. Maybe figure out if we want to move back permanently.
This past late summer/fall, we came back to the US and took a 10K mile road/backcountry trip out west. We also stopped in Denver to see the Broncos play Baltimore in the opening game. Peyton looked pitiful and was even getting booed in the 3rd quarter. Who would have thought they would have pulled out a Super Bowl win. Happy for him.
4 years and counting!
Do a search on Harvard-affiliated Obesity Physician gives in-depth review of Withings new FDA-approved Wireless Blood Pressure Monitor
The more I read up on all this, I'm pretty excited for Nokia, but really for the potential for improved health for those that want to take an active role in their health. As these sensors become more sophisticated, the potential for some valuable analysis done with all of this data might just revolutionize the way we look at health. I just wonder if the pharmaceutical lobbyists will be putting up serious roadblocks to any advanced sensors later down the road.
"We are acquiring Withings to accelerate our entry into digital health and this means coming back into the consumer space," said Ramzi Haidamus, CEO of Nokia Technologies.
According to Nokia, Withings will be absorbing the current Nokia digital health team, "like a reverse takeover", with Withings CEO Cedric Hutchings as its head.
Hutchings will lead two teams in San Francisco and Finland that have been working on preventative health care - such as sleep research - and regulatory healthcare including connectivity in hospitals, along with his own team.
Nokia is betting that as we start to manage our health via mobile, the data will not live on one wearable or a single device, but will come from multiple sources.
"We will be building up our product portfolio so it fits seamlessly into everyday life," Hutchings said. Two new products have recently been announced, including a simple activity tracker and a medical-grade thermometer.
"We have connected people all over the world in developed and emerging markets. Now we can connect them to health and wellbeing," Nokia's Haidamus said.
Will Nokia make another phone?
So does this comeback mean that Nokia will be making other consumer gadgets too? Perhaps a new mobile phone?
"Nope, we are not gonna be making phones anymore, we are closing that chapter," Haidamus said firmly. "We did speak previously of licensing our brand to a third party, and they can manufacture and sell cellphone products under the Nokia brand, but it would be licensing only."
It's actually, Withings. Not Whitings :-)
Not so sure about a wireless FDA approved blood pressure monitor helping to contribute to a portfolio of cash cows. Most folks checking blood pressure just want something that works (and pick on up at Walgreens at the same time they are picking up their BP medicine) and won't pay 130 bucks for one. Also, iHealth has one for sale with an app as well for MSRP $100. It's not like BPMs are going to be the next hip/must have electronic gadget and if it was, Apple would create an iHeart and claim it invented consumer level blood pressure monitoring and is saving lives :-)
I totally get it when you say that Consumer electronics is a fickle market which why this purchase leaves me a little confused unless it is part of some bigger plan.
Part of collecting big data? Maybe, but then, as you say, they didn't see it with HERE, why would they with Withings? Or, maybe they did see it, but they were desperate for the cash from the HERE sale. Anyway, there has to be another piece to the puzzle that ties this purchase in to a much bigger plan.
When I went through cancer treatment 4 years ago, I thought that there should be some sort of national level, patient accessible and update-able (only certain fields obviously) database. No more patient records stored here and there. All my test results, diagnosis, treatments available to me (and whichever doctor I choose) anywhere. I understand there are privacy issues involved. I can see where having this data available would be great and I can also see it being used by people gaming the system and I can see it as another "freedom" we give up since to ensure data integrity and that the people whose health is being monitored by a given device is really that person obvious security safeguards would have to be put in place. I can also see it being used by insurance companies to deny coverage.
Just ruminating :-)
What is your opinion on this purchase? I'm not sure I'm seeing it as a standalone purchase. The only thing I can think of is that Microsoft, Samsung, Apple all have their stylish gear. Maybe Nokia is planning a major re-entry into the mobile market (someone else making their phones) with the plan to integrate all the products. Definitely a way to one-up Microsoft and Apple. Samsung could certainly respond easily. Hey, if Withings is good enough for Penn Jillette...