Nokia to sell Vertu to fund the smartphone business

08 December, 2011
The Vertu annual revenue is estimated to be somewhere between €200 million and €300 million.

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  • D
  • AnonD-6193
  • vGn
  • 09 Dec 2011

Vertu hardware design is not compatible with WP7.
So sell it...

    • D
    • AnonD-31338
    • fqe
    • 09 Dec 2011

    Nokia they are not making their parts
    They import them from Foxconn
    And fool who thinks Nokia provides quality! Yeah right quality in Nokia fans' dreams

      • ?
      • Anonymous
      • vjv
      • 09 Dec 2011

      samsuck, 08 Dec 2011samsung is making money cos of all fools like you who'd spe... moreAnd i hope you did realize that recent Nokia phones are using processors over 1Ghz? if it ain't power hungry why are they using such processors?

        • d
        • daisuke white winter
        • tug
        • 09 Dec 2011

        nokia is the best phone manufacturer

          • M
          • MyName
          • Spx
          • 09 Dec 2011

          It's like watching a chess match. From the very beginning, you just know for sure that in couple of moves, Nokia will be sold to Microsoft for pinuts, I'm only wondering how much time Elop will need, to shrink giant phonemaker until it fits into Microsoft pocket.

            • b
            • burning platform
            • PRW
            • 09 Dec 2011

            nik, 08 Dec 2011one day elop will sell nokia also hurrraaaay!!

              • M
              • MyNAme
              • Spx
              • 09 Dec 2011

              Wake me up when MicroNokia will start shutting down it's offices and selling it's office furniture.

                • S
                • Symbian
                • PRW
                • 09 Dec 2011

                Nokia or Vertu, 08 Dec 2011It is better to sell NOKIA and keep Vertu.Soon they will be... moreaggree.. LoL

                  • T
                  • TruthSeekr
                  • tRn
                  • 09 Dec 2011

                  About time someone got rid of those million-dollar phones.
                  Do they think rich people have no sense of value, buying anything covered in diamonds and platinum even if it is antiquated hardware?
                  There's a reason they're RICH you know!

                  I have a good mind to 'accidentally' bump into someone carrying a vertu and knock it out of their hand.

                    • b
                    • bentot79
                    • 9xE
                    • 09 Dec 2011

                    Nokia Sucks, 08 Dec 2011True. But if it's really that profitable then why is Nokia ... moreWow your persistence in trolling nokia is really unbelievable. As if nokia will just roll and die by your persistent trolling get a life man its just phones and people have the right what kind of phone they want to use.

                      • J
                      • J_Ye.Hitchener
                      • v}h
                      • 09 Dec 2011

                      Nokia Sucks, 09 Dec 2011The low specs of Nokia smartphone does not justify its pric... moreyou are right,
                      we are in the same channel,
                      Nokia paying the price for fooling the customers

                        • N
                        • Nokia Sucks
                        • q{d
                        • 09 Dec 2011

                        samsuck, 08 Dec 2011samsung is making money cos of all fools like you who'd spe... moreThe low specs of Nokia smartphone does not justify its price. The people are not dumb and they know this. That is why Nokia is losing its customers and that is why Nokia lost its marketshare and gave Samsung the smartphone crown.

                        There's no other way around this sad truth. Nokia has been fooling people for a long time with their under spec'd devices and people realized that.

                          • N
                          • Nokia Sucks
                          • q{d
                          • 09 Dec 2011

                          AnonD-695, 08 Dec 2011I getting sick of arguing with you. every single time you w... moreThen move on! What I'm saying here is that Nokia STILL hasn't made a great product that is a certified hit like Samsung's Galaxy S II.

                          You keep on saying it's outselling the iPhone 4 S well yes, it's outselling the iPhone 4S in the Netherlands because KPN is giving them away for free with a heavily discounted monthly plan. You think that's a victory? I think it's a disaster!

                          Think about it. Why would a carrier give a new flagship away for free and put a heavy discount on the monthly plan? If the demand is really high then they don't have to do this and people will buy it and even pay good money for it, like the iPhone 4S. But giving it away for free? If it was an old flagship then it's understandable but the Lumia 800 is a new one.

                          Only a flop will be given away for free. The Palm Pre was also given away for free on a two year contract and look at them now. They are now gone and Nokia is heading the same direction.



                            • J
                            • J_Ye.Hitchener
                            • v}h
                            • 09 Dec 2011

                            samsuck, 08 Dec 2011samsung is making money cos of all fools like you who'd spe... moreI totally agree with you a phone is not a super com, however that how people love high spec, which could boost more complicated app in the future,

                            Nokia have been fooling their customer with cheap spec,
                            for ages,
                            however, are you still using a black and white screen Nokia? if not, pls shut your mouth

                              • J
                              • J_Ye.Hitchener
                              • v}h
                              • 09 Dec 2011

                              Disappointments after disappointments, thats why Nokia loosing their customers,
                              cheap shit low hardware spec phone with a failure os, and still asking for top price, eg the N8, (chunky and stupid), only fool will buy that handset.
                              I am sorry, I am not the person who making fun on those Nokia user, it is how the society look at and making fun of those bunch of Nokia user ( specially the N8)...

                                • S
                                • Stitch
                                • Xu6
                                • 09 Dec 2011

                                Nokia needs to concentrate more on smart phone branches ,
                                still holding top-1 selling position does not means becoming top profit company.
                                When compare number/profit ratio ;20 to 25 pieces of lower nokia handsets sale profit is almost equivalent to a single piece of iphone 4s sale profit.

                                  • s
                                  • samsuck
                                  • vGq
                                  • 08 Dec 2011

                                  Nokia Sucks, 08 Dec 2011The Lumia 800 without the discount is a big rip off. It's t... moresamsung is making money cos of all fools like you who'd spend their money on a fone by just looking at its spec. You dont need a super computer to run windows xp. Nokia uses symbian/meego/wp and they are not resourse hungry like ur stupid android. And the cost of a nokia fone...well dats cos of the quality they provide and thats exactly why they've high resale value in developing countries unlike samsung fones which wen sold wouldn't even fetch you half the price you bought it for even if you sell it the next day. nokia is known for their quality builds and samsung will never achieve that. selling vertu is a good move..its instant money, nokia could rake in atleast a couple of billions from this and can use it for improving their models and research instead of hanging on to to a few million profit each year.

                                    • D
                                    • AnonD-695
                                    • ib3
                                    • 08 Dec 2011

                                    Nokia Sucks, 08 Dec 2011The Lumia 800 without the discount is a big rip off. It's t... moreI getting sick of arguing with you. every single time you will already say something without any proof at all and then advice the others like a messiah. Good day to tou sir. Im moving on

                                      • N
                                      • Nokia Sucks
                                      • q{d
                                      • 08 Dec 2011

                                      AnonD-695, 08 Dec 2011If Netherlands is a small country to you, then you must be ... moreThe Lumia 800 without the discount is a big rip off. It's too expensive for the features it's offering. Maybe that's the reason why KPN put the Lumia 800 for free- to clear the inventory because no one is buying them.

                                      It's like the HP Touchpad. Its sales were disastrous and then they had the firesale and sales went through the roof. But that doesn't mean success.

                                      Nokia fans should be worried because this is not a good sign. As newly released phone, if it's really on high demand, it will not need to be given away for free and have the monthly discounted like what KPN is doing.

                                        • D
                                        • AnonD-695
                                        • ib3
                                        • 08 Dec 2011

                                        Nokia Sucks, 08 Dec 2011Outselling the iPhone 4S in a couple of small countries doe... moreIf Netherlands is a small country to you, then you must be an American.

                                        First you said it was too expensive, now you say it is pathetic cause it is too cheap. Mind you that these discounts are not set by nokia. And not everyone buys their devices at full price now days.

                                        And keep in mind that the Nokia lumia is not available in all countries just yet