There was a time when Nokia was the undisputed king of mobile phones, with quarterly sales of over 120 million units as recently as 2010. But after a failed partnership ended with Nokia selling its handset division to Microsoft, the company tried reinventing itself by pivoting to wearables, a move capped off when Nokia bought Withings, a French health tracker company, for $US190 million ($241 million) in June of 2016.