Smart_PhonesSmartphones

Smartphones

Q3 '19: HMD (Nokia): Low-end Models Bring Down ASP



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Report Summary:

HMD managed to turn the shipment volumes to growth this quarter. Handset shipments grew +3.6% YoY. Smartphones witnessed strongest growth at +22% YoY whereas feature phones declined slightly by -2.3% YoY. This was a welcomed turnaround for HMD that has suffered from declining handset shipments past 4 previous quarters. Handset ASP however declined again affecting revenues negatively. ASP declined -9.2% YoY and revenues declined -5.9% YoY. This was the fourth consecutive quarter with declining revenues. Hopes of a profitable quarter slides further away again.


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1. Executive Summary
2. Key Financial Charts
3. New Model Analysis
4. Recommendations and Outlook
5. How Can We Help You
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