Q4 of 2019 saw HMD turn first profit, but sales are dwindling

Q4 of 2019 saw HMD turn first profit, but sales are dwindling 


HMD turned to a multi-ODM strategy to assemble Nokia phones due to a supply chain disruption in the first half of 2019. Reportedly the first devices to be manufactured by two new ODMs were the Nokia 2.2, 3.2 and 4.2. Using multiple ODMs has allowed HMD to make and sell phones at better margins, meaning that it was able to turn a profit despite moving fewer units.

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