HMD World, the corporate behind Nokia-branded smartphones and have telephones was off to an important begin in 2017. However as time handed, the agency couldn’t sustain with the stiff competitors. Principally as a result of its handsets pale in comparability with merchandise from different firms, in phrases of each specs and worth. In consequence, the Nokia model captured solely 0.7% of the smartphone market in This fall 2020.

Normally, analysis corporations solely listing the top-performing manufacturers in their free report. Therefore, Counterpoint Analysis’s free report on World Smartphone Market This fall 2020 doesn’t embody HMD World (Nokia). However on the request of NokiaMob, Counterpoint has shared some particulars concerning the efficiency of the Nokia model.

In line with the information, HMD World’s general cell phone shipments elevated 30% QoQ in This fall 2020. Whereas, function cellphone and smartphone shipments rose by 26% and 35% QoQ respectively.

In different phrases, HMD World managed to ship solely 2.eight million Nokia smartphones in the fourth quarter of 2020 but it surely shipped round 12.7 million Nokia function telephones throughout the identical interval.

Therefore, Nokia was the second-largest function cellphone model in This fall 2020 with a 16% market share. Nevertheless, it ranked distant 15th in the smartphone section with a mere 0.7% market share.

What are your ideas on the way forward for HMD World? Do tell us in the remark part beneath.

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