HMD Global, a company that has been making smart phones for Nokia since 2016, is reducing its operations in the US and leaving the local phone market.
HMD claimed the current “geopolitical and economic environment” forced a reconsideration of its approach in a statement shared with Wired and cited by The Verge.
The business ensured that all of its present warranties and customer support promises to remain in effect despite the fact it will no longer be selling products in the US.
Additionally, HMD stressed that it is not shutting down and would instead focus on expanding in other areas, especially in its Secure, Family, and Microfinance product lines.
The business also stated that it will help workers who are impacted by the change. The action closes a complicated chapter that started in 2014 when Nokia sold its phone business to Microsoft.
After two years, former Nokia executives founded HMD, repurchased the company from Microsoft, and obtained the necessary licenses to continue using the Nokia brand on phones.
HMD produced several kinds of Android smartphones under the Nokia brand, over the period of more than ten years. In addition, HMD also produced feature phones which includes a recent flip variant with a Barbie theme and, more recently, devices under its own brand, like the HMD Skyline and the modular HMD Fusion.
Even though a certain amount of stock is still available through resellers, the US website of the company no longer feature any phones for sale under either brand.
HMD claims that it continues to devote itself to “long-term growth,” emphasizing that the company is going to focus its future efforts on markets and market niches where it believes there is greater opportunity.
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