The Q1 2022 report from analyst agency Technique Analytics reveals strong development in Nokia Cellular Financials in Western Europe and North America markets. In North America, Nokia Cellular’s 12 months-on-12 months development was 87%, whereas in Western Europe it registered 31% 12 months-on-12 months development.
Nokia Cellular has nevertheless seen its total smartphone cargo quantity decline by 3% on a YoY foundation in comparison with Q1 2021. This has nevertheless not impacted its financials which rose larger in Q1 2022.
The Asia Pacific area nevertheless hasn’t been going favorable for the the corporate as it’s dealing with stiff competitors on this massive market cluster. Exiting Russia amid the Ukraine struggle has additionally impacted its handset gross sales in Q1 2022.
HMD (Nokia) smartphone volumes declined -3% YoY in Q1 2022, however monetary maintained upwards trajectory from the earlier quarters.
Regionally, HMD (Nokia) registered strong development in North America (+87% YoY) and Western Europe (+31% YoY), however the firm is misplaced share in Asia Pacific, struggling to transform its function telephone base to smartphone customers within the area. The corporate has additionally left the Russian market, as a result of battle in Ukraine, which moreover contributed to the smaller volumes within the quarter.
Nokia C sequence contributed to nearly half of the smartphone volumes in Q1 2022, adopted by the Nokia G sequence and Nokia X sequence. All different sequence have fully phased out of the market this quarter.
In keeping with the SA Lens (see the chart beneath), HMD (Nokia) scored 3.1 (out of 5) in Q1 2022, which evaluates the corporate as vendor offering good worth with its concentrate on sturdiness, longevity and common Android updates, however with room to enhance in different areas like product and tech management.
The report additional reveals that Nokia C-series smartphones contributed to half of the Nokia smartphone volumes in Q1 2022. Technique Analytics has additionally evaluated Nokia Cellular 3.1 on a scale of 5 by way of its standing as a Cellphone vendor.
We just lately reported about Nokia Cellular registering sturdy development in smartphone shipments within the final quarter of 2021. In This autumn 2021, Nokia Cellular grew smartphone shipments in 5 areas, registered highest ASP & tripled US smartphone shipments.