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HMD Global Pulls Back in the US Due to Tough Conditions

  • HMD Global, the company behind Nokia-branded phones, is reducing its presence in the U.S. due to challenges in the business environment, including economic and political issues.
  • The decision is likely influenced by problems like tariffs, making it more expensive for companies to sell goods in the U.S. HMD emphasized that it carefully considered this change.
  • While scaling back, HMD assures it will continue to support its U.S. customers by honoring warranties and providing customer service. Some U.S.-based staff will be affected.
  • Despite the U.S. cutback, HMD remains focused on global growth, particularly in areas like its 'Family,' 'Secure,' and 'Microfinancing' product lines, where it is experiencing strong growth.

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