HMD is scaling back its operations in US due to challenging geopolitical and economic environment

HMD- the licensee company of Nokia-branded phones for a while has recently announced that it is scaling back its operations in the US market. And this is likely due to the tariff situation currently going on in the US market that has raised costs for the companies as well as consumers.

The company has shared its statement with Wired writer Julian Chokkattu. In the statement, it was mentioned, “Like many global businesses, HMD is navigating a challenging geopolitical and economic environment. After careful consideration, we have made the decision to scale back our US operations.”

The company’s webstore is no longer online, while product pages of both HMD and Nokia devices either don’t have a buying option, or the Where to buy option is not functional. Though some handsets are still available to buy from Amazon and other retailers in the market.

In the statement, HMD has also mentioned that it will continue to honour all obligations, including warranty coverage and service for existing products, and provide full support through its global teams so that its consumers and partners can experience a seamless transition

The company also adds that it will support its US colleagues who are impacted by this change during the transition.