HMD Is Going to Withdraw From "Select Markets", Rumor Claims
4 Articles
4 Articles
According to a new rumor from a usually reliable source of information about HMD, the company is currently planning to withdraw from "certain markets". It is also said that it will "reduce production for its global portfolio of devices". It is known that HMD is shifting its "main focus" towards "regional markets", as well as the business/industrial sector. The same source hints that there may be no more global product launches from HMD this year…
Rumors indicate that HMD Global can reduce the production of Android smartphones, retreat from selected markets and broaden the focus in the corporate sector. The possible change occurs in the midst of falling demand for basic mobile phones and strong competition in the mobile market.
Human Mobile Devices (HMD) seems to be reorienting in view of the drastic declines in smartphone sales figures. For end customers, this probably means that HMD and Nokia smartphones should become scarce. (Continue reading)
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