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The top five clients, including HMD Global and Japan's Sharp Corp., accounted for 89.6 percent of FIH Mobile's total revenue for the first half of the year, with the Japanese client taking an 8.5- percent share.
Headquartered in Espoo, Finland, HMD Global Oy is the home of Nokia phones.
At the event, HMD Global revealed the Nokia 9 PureView, a device that comes with five-camera set-up - three monochrome lenses and two colour sensors - that promises even better sharpness and detail.
This year, HMD shipped out four million smartphones in the first quarter, followed by 4.5 million in the second quarter and 4.8 million in the third quarter, according to Counterpoint.
According to a recent report by Counterpoint, HMD's Nokia was the fastest growing smartphone brand in Q3 2018 with a growth of 73 per cent year-on-year mainly due to its popularity in Indian and the South East Asian market.
Speaking at the launch of Nokia 8.1, Juhu Servikas, Chief Product Officer at HMD global, said: "We've seen great success in the value flagship category with each of our smartphones in this class, consistently introducing new premium experiences to our fans.
HMD claims that the Nokia 3.1 Plus is capable of delivering up to two days of battery life.
In the Rest Of Asia, Chinese companies accounted for 46% of feature phone sales, including 20% to HMD, 16% to itel, and 10% to Symphony.
Finland based start-up, HMD Global, the home of Nokia phones, today announced that it has raised additional USD 100 million from multiple investors to scale business operations and fund the company's growth in its second year.
In a grand ceremony at a local hotel last week, HMD Global, the home of Nokia phones, announced the launch of its first flagship phone Nokia 8.
HMD Global, the home of Nokia phones, today celebrates its first birthday.
Karachi -- HMD Global, the home of Nokia phones, celebrates its first birthday.
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