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Smartphone Boost for HMD (Nokia) in Q4 2021

by Boris Metodiev | Feb 03, 2022

HMD (Nokia) registered strong financial results in Q4 2021. Global handset wholesale revenue was up +11% YoY, due to the increased handset ASP (+32% YoY). That’s the largest handset ASP in the last 2.5 years for HMD, and its third largest ever, a result of the greater smartphone mix in the company’s overall volumes.

In Q4 2021, HMD (Nokia) achieved its highest share of smartphone volumes and smartphone value out of its total shipments and revenues since 2019.

On a regional basis, HMD (Nokia) grew smartphone shipments in five of the six global regions. The most impressive development was in the smallest region for the company – North America. Historically, HMD (Nokia) has always had a relatively weak presence in the region, but in Q4 2021 it almost tripled its shipments from last year.

HMD (Nokia) aims to become one of the top prepaid vendors in US by the end of 2022, a lofty ambition for a player that currently holds less than 1% marketshare of the overall US smartphone market.

Wireless Smartphone Strategies (WSS) clients can find the answers of all questions, and much more, in the full report here.