HMD Global Oy returns to profitability in the fourth quarter of 2019

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Nokia 3.2

Fatima Ait Talib – Dubai – Company managed HMD Global Oy From achieving its first positive quarter in the fourth quarter of 2019. The company says that the combination of the use of many manufacturers to manufacture Nokia phones and a more focused approach in selected markets is what led them to achieve the first quarter profitable.

The quarter was by no means very good, as the analysts’ report indicates that HMD Global Oy has sold less than three million phones.

Company turned HMD Global Oy To a strategy of relying on device manufacturers to assemble Nokia phones due to supply chain disruption in the first half of 2019. It was reported that the first devices that were commissioned by third-party companies to manufacture them instead of HMD Global Oy themselves are Nokia 2.2, Nokia 3.2 and Nokia 4.2.

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Reliance on third-party companies allowed HMD Global Oy to manufacture and sell smartphones with better profit margins, which meant they were able to make a profit despite selling fewer units.

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