Moneycontrol PRO
HomeTechnologyNokia is being ‘killed’ again. Read what HMD Global has to say

Nokia is being ‘killed’ again. Read what HMD Global has to say

Though the brand still carries nostalgic weight, Nokia phones haven’t cracked the top ranks in the US smartphone market, where Apple and Samsung reign supreme.

July 13, 2025 / 08:33 IST
Nokia

The Nokia brand is once again in retreat — this time in the United States. HMD Global, the company that’s been making Nokia phones for the past several years, confirmed it is scaling back its US operations, citing “a challenging geopolitical and economic environment.”

In a statement, the Finnish phone maker said the decision came after “careful consideration,” and that its focus now is on ensuring a “seamless transition” for customers and partners. Warranty coverage and product support will continue, with help from HMD’s global teams.

It’s a quiet but telling exit from a market that Nokia once dominated—and has struggled to regain a foothold in ever since. Though the brand still carries nostalgic weight, Nokia phones haven’t cracked the top ranks in the US smartphone market, where Apple and Samsung reign supreme.

HMD says this isn’t a retreat from its core mission. The company remains committed to its long-term plans and points to “strong momentum” in other areas of its business—specifically in Family, Secure, and Microfinancing phone segments.

The company also expressed gratitude to its US-based employees impacted by the move, promising support during the transition.

In recent months, HMD has shifted its strategy away from purely pushing Nokia-branded devices and toward launching phones under its own name. But pulling back from the US is a blow—and a symbolic one at that. For a generation of users, Nokia once meant mobile innovation. Today, it’s a brand that seems to be shrinking quietly out of view.

Invite your friends and family to sign up for MC Tech 3, our daily newsletter that breaks down the biggest tech and startup stories of the day

MC Tech Desk Read the latest and trending tech news—stay updated on AI, gadgets, cybersecurity, software updates, smartphones, blockchain, space tech, and the future of innovation.
first published: Jul 13, 2025 08:33 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347