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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 Nokia Sucks @ 2011-12-08 17:08 from q{dG - click to readNokia hater
if nokia didnt even exist there , the phone u r using now might not exist .
and yes u had a nokia phone in the past and in 2nd thought lumia 800 have overtaken the iphone4s sales in some countrys

  • Reply
  • 2011-12-08 17:15
  • gIx3

> In reply to Anonymous @ 2011-12-08 16:24 from 0Cb2 - click to readVertu is owned by Nokia and provided luxury phones to a small ,but very wealthy niche of costumers! Most of the groundshakers of this world use Vertu and not Iphone or SG2....! To make a serious proffit Vertu doesn't need to sell more than 2-3 thousand phones a year,considering that the cheapest one is around 5000!.....There are enought rich people in the world who can afford to buy a Vertu!....
The 8800 series is also a niche product,but for a "poorer" audience who can "only" afford to pay 1000 for a mobile.....The 8800 series brought Nokia enought proffit,considering they refreshed the 8800 line-up every year with a new handset that used even more exotic materials!...If 8910 and 8800 would have been failures,would Nokia have continued with Sirocco,Arte,Sapphire,Carbon and Gold arte....Even today enought people are using these phones and online for a SH unit their price is around 200-300 equal to a SH unit of Galaxy S,Arc or Desire!....Strange or not,some people will always be interested in these types of phones!.....

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  • 2011-12-08 17:13
  • j5Pg

> In reply to Nokia Sucks @ 2011-12-08 17:04 from q{dG - click to readwrong, in performance the lumia 800 is like the sgs2 speed with 1 single core not a dual core

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  • 2011-12-08 17:12
  • gIx3

> In reply to Omar-Nokia @ 2011-12-08 17:02 from gIx3 - click to readWrong Answer!

Nokia is selling Vertu because they are bleeding money and they need money right now to stay from going bankrupt.

Nokia is pathetic and desperate.
Desperate times calls for desperate measures.

  • Reply
  • 2011-12-08 17:08
  • q{dG

> In reply to Omar-Nokia @ 2011-12-08 16:54 from gIx3 - click to readNokia phones are overpriced and people realized that. That's why Nokia is on a decline. Why would people buy a Nokia when a better Android alternative is available?

Take a look at the Lumia 800. Nokia is arrogant enough to sell that junk like it's a high end smartphone while packing mid end technology. They are ripping people off.

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  • 2011-12-08 17:04
  • q{dG

ANDROID/iOS Users/Fans
nokia is selling vertu cause people these days dont buy luxury phones that has diamond and gold on them and they are over 600 euros and it dosnt support high-end tech
thats why they are selling it

  • Reply
  • 2011-12-08 17:02
  • gIx3

> In reply to [deleted post]Wow, if I were you, I'd get my head checked, if you really believe that,

  • Reply
  • 2011-12-08 17:01
  • LFvH

> In reply to Anonymous @ 2011-12-08 16:51 from mr}G - click to readTrue. But if it's really that profitable then why is Nokia trying to get rid of it? Ask yourself that question.

The truth is, Nokia sees its Vertu branch as more of a liability or a burden and that's why they are selling it.

If you're a farmer and you're making money from your field, would you sell your field? NO.
If your field is not making enough money to balance things out, would you sell it? YES.

Vertu is making money but Nokia, as a whole company is not making enough money to make ends meet. That's why its selling Vertu.

  • Reply
  • 2011-12-08 17:00
  • q{dG

> In reply to Omar-Nokia @ 2011-12-08 16:54 from gIx3 - click to readYou mean if there no iphone there's no Nokia N8 ,E7 and c7 LOL

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  • 2011-12-08 17:00
  • 3Yix

Its like going to a pawn shop...Its a desperate time for Nokia.

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  • 2011-12-08 17:00
  • bYAD

Samsung 53 billion $
Apple 85 Billion $
Nokia ?!!!!

  • Reply
  • 2011-12-08 16:56
  • 3Yix

> In reply to JD @ 2011-12-08 16:00 from Q$hi - click to readthey are selling it cause no 1 buys phones that has diamonds or gold on them and they dont have very high-end tech

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  • 2011-12-08 16:56
  • gIx3

> In reply to Anonymous @ 2011-12-08 16:24 from 0Cb2 - click to readnokia phones are better than iphones
iphones are overpriced and if nokia ( symbian ) didnt exist there will be no sucha thing called an iphone

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  • 2011-12-08 16:54
  • gIx3

> In reply to Nokia Sucks @ 2011-12-08 15:14 from q{dG - click to readThere is more profit to be had from one Vertu phone than from several hundred N8's. Fact.

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  • 2011-12-08 16:51
  • mr}G

> In reply to Zong @ 2011-12-08 15:35 from U3xT - click to readBankruptcy is quite possible if Elop sells Vertu, NSN and all the other bits and pieces until only the core smartphone business remains.

He already mentioned closing factories and outsourcing assembly.

Next up might be a sale of the smartphone division to MS.

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  • 2011-12-08 16:48
  • mr}G

> In reply to Anonymous @ 2011-12-08 15:48 from DIx8 - click to readNo, Elop is not a fool. He is a smart Microsoft employee who is working hard for his salary - from Microsoft.

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  • 2011-12-08 16:46
  • mr}G

> In reply to JD @ 2011-12-08 16:00 from Q$hi - click to readThey are selling it for "instant" cash. :-)

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  • 2011-12-08 16:37
  • uuhv

in the time when first iphone was launched and google presented first android, nokia was selling the stupid mobile arte and scirocco with 800-1000 euros. from a long time it was very clear that luxury mobiles with no functions will not work in the apple and android world. but nokia wait 5 long years to wake up. they are so stupid in their proud !! they deserve to die. all the potential customers of ex-8 series of nokia have iphone for 5 years and also vertu users selled their stupid vertus to buy iphones personalized with swarowsky or diamonds

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  • 2011-12-08 16:24
  • 0Cb2

If it is doing well, why are they selling it? This seems like the beginning of the end for Nokia

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  • 2011-12-08 16:00
  • Q$hi

its vertu that they should keep and sell the rest.
not that vertu is in anyway better than their other phones but its at least making profits unlike their other devices.

  • Reply
  • 2011-12-08 15:53
  • uWJp

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