HMD continues the year with a decline in shipments. Their feature phone side decreased over -32% YoY and the decline was complemented by smartphone business that witnessed small 9% decline YoY. Total decline in handset shipments stood at -26% YoY. After a promising 2018 HMD seems to find itself in a stagnated situation without growth. Possibilities to get profitable this year seems slim unless they find a new gear that pushes their smartphone sales back to growth pattern. Being early in 5G could offer such possibility especially in the high volume China market.
Six of World's Top-10 Smartphone Countries are Emerging Markets
Oct 01, 2020
How Much Smartphone Inventory is Out There?
Monthly Smartphone Shipments Grew 5% in August