Although Nokia is not dead, its smartphone business has struggled in recent decades.
In the late 2000s and early 2010s, Nokia was once the world's top mobile phone manufacturer, but lost market share to Apple and Samsung.
Nokia's 2014 failed mobile phone business sale to Microsoft, leading to Microsoft returning the business to HMD Global in 2016.
HMD Global is trying to revive Nokia's brand, but faces stiff competition and marketing challenges due to its limited consumer reach.
In recent years, HMD has made considerable achievements, establishing itself as one of the top ten worldwide smartphone manufacturers.
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