Q2 '19: HMD (Nokia): Struggling to Turn the Ship Around

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Report Summary:

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.

Table of Contents

1. Executive Summary
2. Quarterly Financial Charts
3. New Model Analysis
4. Conclusion and Recommendations
5. How Can We Help You
6. Analyst Contacts

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