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.