Nokia quietly folds final Japanese outpost

Nokia, once the biggest mobile maker on the planet, never really made much of a foothold in Japan due to its stubborn unwillingness to jump on the smartphone bandwagon set rolling by Apple's iPhone.

But now the Finnish company's final outpost in the country, its luxury brand Vertu, is shutting up shop.

Vertu, which attempted to add enough polish to Nokia's old-hat technology to warrant price tags of up to $250,000, has failed to find enough Japanese billionaires to keep it in business and is 'withdrawing from the Japanese market' according to an AP report.