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Nokia to sell Vertu to fund the smartphone business

08 December, 2011 | Read the news | Post your comment
Nokia to sell Vertu to fund the smartphone business - read the full textNokia is reportedly considering selling its Vertu branch for luxurious smartphones. According to the Financial Times sources, the Finns are hoping to use the money from selling Vertu to fund their smartphone business, which hasn't been doing so well lately. The asking price for company is still...

 

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nokia have been failing in their efforts for sometime i work in the mobile industry and all staff avoid nokia handsets as they are just below stand

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  • 2012-05-01 11:14
  • 9571

How the once great has fallen.

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  • 2011-12-16 05:16
  • F1@V

> In reply to JD1 @ 2011-12-09 08:10 from 2@d7 - click to readDude, given the fact that Stephen Elop *IS* a CEO and you're not one, chances are he knows what he's doing at least more than you do!

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  • 2011-12-12 04:26
  • tRnj

Today can be a new hope for Nokia as it can scrap its Symbian OS and jump to WebOS develop it and use it as its own.....
Selling Vertu can provide funding but the news of Nokia using WebOS on its device can get enough funds from the market.....

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  • 2011-12-10 20:31
  • nItP

For those of you who simply don't understand good business practice, ask yourself these two questions:

1) What overlap and synergy do Nokia and Vertu have?

2) Is it best to sell something when it has value (making a profit) or when it is worth nothing (losing money)?

Vertu doesn't actually help Nokia be Nokia. It's also a great time to sell because you make a nice profit, rather than offloading a loss making unit for peanuts!

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  • 2011-12-10 14:04
  • nIrj

Once I was a diehard fan of nokia,,but nw am not satisfied with nokia@(but itz far better than sammy)nokia cummon get ur reputation back
By a se fan

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  • 2011-12-10 03:10
  • 7qCw

> In reply to Anonymous @ 2011-12-09 15:19 from 3Yix - click to readOMG! what 60 percent? if they had copied that much from symbian ,android would have been a huge fail...open your eyes

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  • 2011-12-09 19:24
  • t1$E

People calling SGSII a clone for IPhone if that's true then why the court didn't continue in banning it?
So its not a clone and by the way Apple is the one who stole Samsung F700 design check F700 here in GSMarena.
Samsung is the way and Nokia sells outdated phones with high end phones' prices and i believe if any of you have a bit normal way in thinking he would not buy Nokia they buy their goods from Foxconn in cheap prices and sell it to you very expensive i don't know what Nokia was doing all these years couldn't they make their own parts WOW what a lamo and their only specialty is making Phones and everybody beat them on their own field

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  • 2011-12-09 16:12
  • fq6K

> In reply to samsuck @ 2011-12-09 11:28 from uwTJ - click to readBelle is such a low end OS compared to ICS. You are simply comparing grapes to oranges.

My plane can achieve speeds of above 600km/h, can your car do it?

There are so many features in ICS that makes symbian obsolete, and everyone knows that symbian is already obsolete.

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  • 2011-12-09 16:01
  • vjrE

> In reply to RVM @ 2011-12-09 09:42 from Bvg} - click to readHahahah you're right man even though Android copied 60% of Symbian and still Nokia can't Sue them?! Don't know why. If Nokia Sue Android cause of patent right know now Nokia made billions out of these patent like what Microsoft did with Android and HTC.

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  • 2011-12-09 15:19
  • 3Yix

> In reply to nokia fan @ 2011-12-08 18:42 from E{tY - click to readbut they are still copying nokia with the swipe thing on the latest version of android ics

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  • 2011-12-09 13:31
  • gIx3

> In reply to Android.Q8Cavalry @ 2011-12-09 06:47 from fqe4 - click to readyea so what? who cares who makes the parts, quality is all that matters. apple doesn't make like 98% of its parts and would you call it poor quality? similarly nokia provides quality and you can't argue with that.

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  • 2011-12-09 11:35
  • uwTJ

> In reply to Anonymous @ 2011-12-09 06:26 from vjvn - click to readthey're still using single core and you can see the diff if you'd care to hold one of its single core device and a similarly clocked dual core running android on your hands and give it a try. windows is pretty much a new os so they're setting up a standard and hence higher clock speeds, wen u consider symbian, even the latest belle runs smoothly on a 600mhz proc with 256m ram..can u run ics on a similar spec and still run it smooth?

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  • 2011-12-09 11:28
  • uwTJ

A stark view, but still have high hopes that one day Nokia's gonna bring down Samsung...
I'm not against Samsung but i hate that it didn't strengthen its Bada OS. It's nothing without the Android!

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  • 2011-12-09 10:23
  • ixTR

> In reply to RVM @ 2011-12-09 09:42 from Bvg} - click to readclone???....but better in every way! id rather have a clone then. ha ha haaaa! restricted to apples laws or freedom to use a phone however you like?? id take the clone again!!!!simples!!!

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  • 2011-12-09 10:20
  • Mx@E

Vertu makes $200 - $300 million per year? That means they're selling what - 20-30 phones per year?

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  • 2011-12-09 09:50
  • nGg2

> In reply to Android.Q8Cavalry @ 2011-12-09 06:47 from fqe4 - click to readLike if Android manufacturers provide quality... cmon. The biggest Android manufacturer is just plastic iPhone-clone maker.

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  • 2011-12-09 09:42
  • Bvg}

Tag Heuer makes a better luxury phone in terms of material. The OS, though, is a different story.

www.tagheuer.com/int-en/mobile-phones/link

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  • 2011-12-09 09:01
  • PT5u

> In reply to Android.Q8Cavalry @ 2011-12-09 06:47 from fqe4 - click to readAsian Hardware Rulez

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  • 2011-12-09 08:28
  • PRWW

Wrong move my Nokia. Elop has no idea what he is doing.

Selling another gem from Nokia's armoury... He will surely kill the company sooner than anyone expected...

Just wait and watch!

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  • 2011-12-09 08:10
  • 2@d7

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