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Wireless

FIH Mobile loss widens in 2020 after sales fall 38%

Monday 29 March 2021 | 09:47 CET | News
FIH Mobile reported revenues for 2020 down 38 percent to to USD 8.9 billion. The phonemaker was hurt by the drop in demand due to the coronavirus crisis, as well as sanctions against Huawei, one of its major customers, and the wider tensions between the US and China. The lower sales along with writedowns on assets led to a loss of USD 174 million for the year, compared to a loss of USD 12 million in 2019. 

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Categories: Mobile & Wireless
Companies: FIH Mobile / HMD Global / Huawei / Nokia
Countries: World
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