Nokia 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 unclear as Vertu doesn't publish its financial results separately, but evaluation is said to be currently taking place. The Vertu annual revenue is estimated to be somewhere between €200 million and €300 million, which seems like a lot considering the small market niche that Vertu services.
GSM Arena, Nokia to sell Vertu to fund the smartphone business
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