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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 Sun Down @ 2011-12-08 15:41 from PF5p - click to readSamsung would never buy Vertu. They are doing great on their own unlike Nokia who needs to sell its luxury branch just to stay afloat. Poor nokia. They have to sell their assets or they will go bankrupt.

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  • 2011-12-08 15:49
  • q{dG

Nokia reminds me off a college roomate. he would fails tests because if he couldn't solve problem #1 he would keep trying until the test was over. Nokia lost the smart phone market, so there throwing every other market segment away in an effort to reclaim it. ELOP IS A FOOL. xman

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  • 2011-12-08 15:48
  • DIx8
  • The Boy with Red Hat
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> In reply to Nokia Sucks @ 2011-12-08 15:16 from q{dG - click to readLoL if someone will but the patents (in case Nokia fail) will be Motorola with the power of Google, Samsung is sinking on patents rights, they have a lots of bad times about patents..

Besides, there's someone who wants more the Nokia patents and is making all this circus behind the scene...the name MICROSOFT hehehehehe

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  • 2011-12-08 15:47
  • Pr@q

> In reply to Anonymous @ 2011-12-08 15:37 from Svec - click to readDisagree. No doubt if Samsung were to obtain Vertu, the Vertu brand would be stained and the premium value would be lost. Because unlike Nokia, Samsung would advertise the hell out of it, and that exposure would make Vertu nothing more than a 'phone for the masses'. Nokia did well to keep it out of the public's radar except for the top tier, and that's good for Vertu.

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  • 2011-12-08 15:41
  • PF5p

I love Nokia haters, you are so predictable...
Just so you know Lumia 800 is selling really well in EU, in some countries (Netherlands and France), better than iphone.
Next week they are announcing the first windows phone in the US.
So who is here to go bankrupt?
HGH (haters are going to hate)

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  • 2011-12-08 15:41
  • RwMa

> In reply to beckon @ 2011-12-08 15:35 from vaP$ - click to readThat's right. Trying hard to ignore that white elephant in the room eh?

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  • 2011-12-08 15:38
  • PF5p

> In reply to beckon @ 2011-12-08 15:35 from vaP$ - click to readwhat the hell are you talking about? did you get hit by a truck or something... nokia would'nt be on top if it was not making profits its just not what it used to be...

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  • 2011-12-08 15:38
  • U3xT

> In reply to Arron @ 2011-12-08 15:17 from SbDP - click to readactually Vertu devices have nothing to do with other Nokias, besides some patents and OS (partially). If company is sold, then new owner will continue with same business practice - share with others only some patents and probably an OS.

and i'm sure if samsung do buy it they'll make sure they'll leave no sign on new Vertu-s that they share same DNA with Galaxy-S fo example. By the way Samsung does not sell mobiles in China.. They are called Anyphone ;-))

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  • 2011-12-08 15:37
  • Svec

I really don't like this move.

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  • 2011-12-08 15:36
  • PF5p

Clearly...there are only 3 companies thats making profit in mobile industry. That's Apple, Samsung and HTC.

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  • 2011-12-08 15:35
  • vaP$

> In reply to Nokia Sucks @ 2011-12-08 15:16 from q{dG - click to readwell it's not gonna happen... things like bankrupcy is not an option for giants like nokia ... at most the management will change that's all

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  • 2011-12-08 15:35
  • U3xT

> In reply to s @ 2011-12-08 15:06 from 3ZH5 - click to readWow.. you really are a special person.

The news states that Vertu makes a nice profit. correct me if im wrong but a company which makes a profit is a failure?? i best re-think my life!

also i can bet you do not have enough money to purcahse a vertu phone, hence why u are on here trolling. p.s. i cannot afford one either but i do not goo around puttin stupid comments.

Back on topic, im not sure selling this part of nokia will create the ammount they will be looking for?? i mean which other major player would buy them? e.g. samsung. if i was a vertu customer and heard samsung had bought vertu i would not buy another due to my personal feelings that samsung phones have below par build quality, a quality all vertu's do not have!

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  • 2011-12-08 15:17
  • SbDP

> In reply to natsu @ 2011-12-08 14:55 from t7Qh - click to readI'm a Samsung Galaxy S II user and I wish Nokia will go bankrupt next year and sell their patents to Samsung.

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  • 2011-12-08 15:16
  • q{dG

> In reply to Anonymous @ 2011-12-08 15:08 from P$uD - click to readIt's making a profit but it's not enough to offset Nokia's losses. Remember that Vertu's financial reports are tucked in together with Nokia's.

Nokia as a company is still taking a massive beating from Samsung and other Android makers. Nokia is bleeding huge amount of money and that's a fact! The company is now inching closer and closer to bankruptcy.

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

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  • 2011-12-08 15:14
  • q{dG

> In reply to s @ 2011-12-08 15:06 from 3ZH5 - click to readplease read the article before giving out your not so valued responses..it is making heavy profit...please read then say whatever BS which no one cares about

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  • 2011-12-08 15:08
  • P$uD

Who would buy that company? It's a huge failure.

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  • 2011-12-08 15:06
  • 3ZH5

And all of this because of Elop. Elop is ruining Nokia. The worst Ceo in the world. A man without vision, or maybe this is the plan to ruin Nokia, so Microsoft to buy Nokia.

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  • 2011-12-08 15:06
  • n3Ax

I have been using Nokia since past five years and i personly prefer everyone that use only nokia phone whether that is smart phone or ordinary but use only nokia connecting people ;;;;;;;;

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  • 2011-12-08 15:00
  • s8Ik

ps im android user...

but i do wish that things go well for nokia next year..

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  • 2011-12-08 14:55
  • t7Qh

one day elop will sell nokia also

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  • 2011-12-08 14:53
  • vGCd
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