Home › News ›

Vertu to Close Up Shop

Article Comments

Jul 13, 2017, 12:03 PM by Eric M. Zeman

Vertu is through. The company plans to shutter its doors and jettison some 200 employees, according to the Financial Times. Vertu started out as the luxury arm of Nokia. It took Nokia handsets and dressed them up in fine materials, such as precious metals, leather, and jewels. Nokia sold the outfit in 2012 and it has bounced between a number of owners since. Vertu was most recently purchased by Turkish businessman Murat Hakan Uzan. Vertu has about $157 million in debt, though it recently signed a deal with Chinese phone maker (and Alcatel parent) TCL. The Financial Times did not say when Vertu might permanently close up shop. Vertu did not comment on the Financial Times' story.

Related

Snapdragon 8 Gen 2 Redefines AI in Flagship Phones

Nov 15, 2022
Qualcomm has announced its newest top-end chip, intended to power most flagship-level Android phones in 2023. As expected, the Snapdragon 8 Gen 2 is more powerful and power-efficient across the board (compared to Gen 1), but the most impressive improvements and new features involve AI.

Apple Intros AirTag to Help Find Your Keys

Apr 20, 2021
Apple today announced AirTag, the company's widely-expected competitor to Tile. The small circular device comes with several keychain-style holder options, including an Hermes luxury option.

Nokia Brings New G Series to US

Jun 23, 2021
HMD Global is officially bringing its new Nokia G20 phone to the US for $200. The Nokia G10 was released here a few weeks ago.

Samsung Puts its Best Camera Yet in the Galaxy S23 Ultra

Feb 1, 2023
Samsung has officially unveiled its new flagship phones for 2023: the Galaxy S23 series. The S23 and S23+ have modest upgrades over last year's models, while the S23 Ultra has a significantly upgraded main camera.

Arm Details Next-Gen v9 Processor Core Designs

May 25, 2021
Arm today announced details of its v9 processor core designs, which scale from smartwatches to laptops and compose what Arm calls its "Total Compute Solution". The suite of designs includes several new Cortex CPU cores, several new Mali GPU (graphics) cores, and a new interconnect design to link the cores that's 15% more efficient than before.

more news about:

Comments

This forum is closed.

This forum is closed.

No messages

Page 1 of 1