Other than validating the growing market opportunity for sophisticated wearable devices is there any implication (chance) that QUIK has any slots in these products?
I will take another stab at it.
Yes, absolutely.
a design win with a European company that has developed a wearable targeting B2B health and fitness
so we are in one such device for sure.
Its B2B in health & fitness.
Only a few names in Europe can have a shot at this sort of market.
Its less likely to be some unheralded kickstarter shop.
Its NOT a JUmpy for health.
Its NOT Runtastic- QUIK told us that.
its not so far away
move into initial production during Q2.
On Philips- they are a nice mental model as they currently have such a device that's kind of out of date. They have the commitment,
resources and are executing really well.
there are a few other names that are also possible.....
so I track along.
How about Nokia? they bought Withings and hoped to do good in health devices...
It has NOT worked out so well
Leaked Nokia memo says no path forward for ‘struggling’ digital health business
https://www.theverge.com/2018/2/20/17031326/nokia-health-withings-digital-health-memo
But this has not been enough to turn a profit.
You can read the full memo below:
Dear colleagues,
I wanted to take a moment to comment on today’s announcement that we have initiated a strategic review of our Digital Health business.
I know that for some of you this will come as a surprise, and you may also be wondering what this means for our strategy.
Why are we doing this?
We have a number of incubation businesses across Nokia which we run as internal start-ups. Solve a problem, place a bet, build a product, insert yourself into the market, gauge your progress, learn from your mistakes, decide next steps. Our Digital Health business is one of those bets we have made, and certainly we have had some early success since we integrated Withings into Nokia. The Steel HR watch is a fantastic piece of technology and the reception of Nokia Sleep at this year’s Consumer Electronics Show was very encouraging. However, rather than only falling in love with our technology, we must be honest with ourselves. In its entirety, our Digital Health business has struggled to scale and meet its growth expectations. Currently, we don’t see a path for it to become a meaningful part of a company as large as Nokia. Thus, we are conducting a strategic review to determine the best next steps for the business. Once we know more about possible future steps, we will inform impacted employees, as well as engage employee representatives in line with local legal requirements and practice, where needed.
What does this mean for Nokia?
Following the strategic choice we have made will allow us to focus and transform Nokia to be a business-to-business and licensing company in Telecoms and Industrial Automation. We will continue to have opportunities to address the IoT opportunity in Digital Health with private connectivity solutions, platforms and software, just no longer from a consumer product perspective.
It seems that Nokia bought a pretty good health focused wearable company, and will wind it down and out of digital health....
I take Nokia off the list, Runtastic is off the list.
track along.......
No comments:
Post a Comment