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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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> In reply to adkane @ 2011-12-08 20:45 from uC34 - click to readOutselling the iPhone 4S in a couple of small countries doesn't mean much. What Nokia need is a worldwide success in the level of Galaxy S II or the iPhone 4S. The Lumia 800 isn't the hero Nokia needs to stay alive.

Take into consideration that KPN is selling the Lumia 800 for FREE on a 2 year contract. The monthly is also discounted to € 18.75 per month.

I highly doubt that the Lumia will sell great if it wasn't for these huge discounts. It's pathetic that a newly released phone like the Lumia 800 needs these discounts to sell.

http://www.kpn.com/mobiel/alle-telefoons.cat#

  • Reply
  • 2011-12-08 21:08
  • q{dG

> In reply to Nokia Sucks @ 2011-12-08 20:36 from q{dG - click to read'Nokia is hemorrhaging huge amount of money and that's why they are selling Vertu'

they provide some proof that nokia is losing a significant amount of money until they have to do so.

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  • 2011-12-08 20:52
  • uC34

> In reply to Nokia Sucks @ 2011-12-08 20:36 from q{dG - click to read'If Nokia dies then I'll be praising the victors who contributed to nokia's demise.'

Oh so ur gonna have a huge party and you will be inviting all of them. Pls, that just shows how empty you are from the inside.

The nokia lumia is already outselling the iphone 4s in some countries so u can be pretty sure it will increase. How can be so sure is not enough?

Apple devices are sold at way higher prices than it should be but I dont see you complaining.

  • Reply
  • 2011-12-08 20:45
  • uC34

> In reply to adkane @ 2011-12-08 20:19 from uC34 - click to readIf Nokia dies then I'll be praising the victors who contributed to nokia's demise.

Nokia is hemorrhaging huge amount of money and that's why they are selling Vertu. The Lumia 800 may be selling okay but the question is, is it enough? I'm willing to bet that the answer is a big NO.

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  • 2011-12-08 20:36
  • q{dG

> In reply to MdN @ 2011-12-08 20:23 from Mtr9 - click to readIf there's a company ripping people off then it is Nokia.

How dare they sell the Lumia at a steep price like a top of the line phone? It's a mid-tier phone with a mid-tier internals and it's being sold at top tier prices.

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  • 2011-12-08 20:31
  • q{dG

> In reply to Nokia Sucks @ 2011-12-08 19:58 from q{dG - click to readSo? It just means more people can get good phones for cheap and you're getting ripped off by other companies who make more profit (and don't forget to buy the next flagship in 6 months).

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  • 2011-12-08 20:23
  • Mtr9

> In reply to Nokia Sucks @ 2011-12-08 19:58 from q{dG - click to readtrue, no profits now. but seeing how well the lumia devices are doing, you can be damn sure u will see an increase. there are far from dead mate.

one honest question pls, just were to say nokia is 'dead', WTH are u gonna do next? troll bout another company?

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  • 2011-12-08 20:19
  • uC34

> In reply to adkane @ 2011-12-08 19:36 from uC34 - click to readSales numbers means nothing if its not turning a profit.
It's like selling more phones and still losing money. That says a lot about the mismanaged and rotten company known as Nokia.

Samsung sells a lot of phones too but they are making a lot of profits while Nokia gets negative profits.

Investors are really losing confidence in nokia.

  • Reply
  • 2011-12-08 19:58
  • q{dG

> In reply to Nokia Sucks @ 2011-12-08 15:16 from q{dG - click to readWhy would Samsung buy patents? They will anyway steal.

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  • 2011-12-08 19:45
  • vIgi

> In reply to Nokia Sucks @ 2011-12-08 19:13 from q{dG - click to readoh so ur a financial professional now eh. Nokia has been losing stock way before this happened. But on the flip side nokia's sales numbers have been increasing

  • Reply
  • 2011-12-08 19:36
  • uC34

> In reply to rbvl @ 2011-12-08 18:32 from Mfxe - click to readBecause Nokia does not want an open source OS, as well as the most of its loyal customers.

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  • 2011-12-08 19:25
  • LiX1

Elop is killing Nokia's Identity 1 by 1... First Killed MeeGo, then Symbian.. Now Vertu.. Sad to see Nokia being ruled by bad leaders :(
Why can't Nokia continue selling smartphones with MeeGo , Symbian(Belle is really good) and Windows Phone alongside.. let people decide which OS they want..And its true that Nokia users surely hesitate to buy a Windows phone which doesn't support Mass Storage mode.. Hoping to see Nokia rule the smartphone world again!

  • Reply
  • 2011-12-08 19:19
  • utYV

Check this out guys! The investors learned of Nokia selling its Vertu branch and they're reacting to it...

http://www.google.com/finance?...p;q=NYSE:NOK

in a negative way. Poor Nokia. Even the investors have lost confidence. Sad but true.

  • Reply
  • 2011-12-08 19:13
  • q{dG

isn't it incredible that the three hundred million dollars come from only a thousand phones sold

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  • 2011-12-08 19:12
  • t}rk

Nokia sealed its fate with Windows.As we all saw Windows is almost on the OTHERS list of market share..and Nokia will be too if they continue to offer bloatware OS's on their phones.

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  • 2011-12-08 19:10
  • snQy

> In reply to Omar-Nokia @ 2011-12-08 17:15 from gIx3 - click to readSamsung copied nokia before, Now they are copying apple. Android was inspired by symbian itself. They just made it more flexible and faster.
iPhone 4S is bullshit .... after all its a apple product.
Nokia is just got bad leaders when the competition started getting tougher and acted little late on it. Unfortunate that it is struggling now ... just hoping that they get back to top soon.
Good move will be ... get back meego as 2nd smartphone OS and launch N9 in countries where it was not launched and slash its price.
Losing hopes on N9 was another biggest mistake. Such a hard effort and so unique and fresh UI/OS. Should have worked on that b4 dropping it.

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  • 2011-12-08 18:42
  • E{tY

It is better to sell NOKIA and keep Vertu.Soon they will be the small company or extinct dinosaur

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  • 2011-12-08 18:40
  • IBJP

I really don´t get why Nokia won´t negotiate with Android, just imagine a unit running the Lumia 800 specs with Gingerbread o ICS.

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  • 2011-12-08 18:32
  • Mfxe

Nokia's leadership is still very much afraid that the Windows project will fail....If the news presented by Arena is true,this is an act of desperation from Nokia....Vertu will never run out of costumers,same as Cartier,Rolex,Ferrari .......you name it.....But Nokia have placed all of their fortunes on Windows,and if they fail having almoast abandoned Symbian and killed Meego they would be in a tragic situation....So now they are ready to sell an asset that brings steady income every year,just to invest in their project....! Only time will tell if they are right....!

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  • 2011-12-08 17:38
  • j5Pg

Wow!! Unbelievable troll!! Ok lets understand that its a strategic move to make sure that Finns focus on/improve what they are best at............viz.....selling phones.
Also I believe if Vertu is bought by some private entity rather than the usual players the phone can be marketed with an exclusive sales channel....& there are lot of rich farts around to throw money around and not care a damn..coz vertu definately is a signature device.
To such people what matters is the bling...the sheer extravagance...& the elite craftsmanship thats amply displayed in every vertu made under the sun.
Nokia also must have weighed the pros & cons...& if the money that they hope to generate from the spin-off is going to be channeled for R&D of smartphones then thats very positive. People react as if we are on the brink of universe explosion with no other options other than Android & IOS........really immature!!!

  • Reply
  • 2011-12-08 17:17
  • P$uD

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