HMD Global Dominates Q3 Feature Phone Market – IDC Report

HMD Global, the company behind Nokia phones, has announced that it has become the top seller of feature phones in the market for the third quarter of 2023. This news comes from the latest analysis by IDC, a well-known analyst company.

According to the report, HMD Global holds a 30.7% market share by value and 22.4% by volume, which is an increase from the previous three-month period. The detailed breakdown of the analysis was not shared by either HMD or IDC.

The company attributed its success to four key factors. First, they integrated Unified Payments Interface (UPI) into their feature phones, allowing for secure digital transactions. Additionally, HMD refreshed its popular models with new designs and vibrant colors. Some of the updated models include the Nokia 105 2022, Nokia 110, Nokia 110 4G, Nokia XpressAudio, and Nokia 2660 Flip.

A spokesperson for HMD Global stated that the company is planning to build upon these achievements and maintain its leading position in the feature phone market.

The news of Nokia’s success in the feature phone market is significant for the company, as it demonstrates the enduring popularity of these devices. Despite the rise of smartphones, there is still a strong demand for feature phones, especially in markets where affordability and durability are essential factors for consumers.

HMD Global’s focus on integrating digital payment features and refreshing popular models has clearly paid off, and it will be interesting to see how the company continues to innovate in this competitive market. With the upcoming holiday season and the potential for increased sales, HMD Global is well-positioned to maintain its top spot in the feature phone market for the foreseeable future.