Nokia reaches starts 2018 strong on the back of impressive Q4 sales. Once again, one of the oldest phonemakers has become the biggest feature phone manufacturer.
Nokia’s unforeseen comeback last year gave it a very sturdy start in the market and HMD Global made quite a lot of money out of their quick-selling smartphones.
The latest report of Nokia’s Q4 2017 earnings by Counterpoint state that the company has sold almost 4.4 million smartphones in the last quarter, leaving behind big name Android giants including Google and OnePlus.
Although the first two or three months of Nokia’s comeback didn’t look promising, the earnings gradually picked up and the latest reports rank the company much higher than anyone expected.
Unfortunately, Nokia couldn’t make it to the Top 10 because of its 1% market share. This was stated in a tweet by a renown analyst from Counterpoint, Mr. Neil Shah:
With its 5% market share, Nokia stands at the 6th place in overall phone sales if we count both the smartphone and feature phone sales figures.
Speaking of the feature phones only, Nokia is actually the biggest producer of old-school devices with 20.7 million units already sold in the same quarter.