FIH Mobile Ltd managed to double revenue to a record, yet the smartphone manufacturer posted its deepest loss in history. While not explicitly stated, that Chinese brand is most likely Xiaomi, and was one reason why FIH sales last year jumped to US$12bil (RM46.95bil). The same can't be said for its attempt to revive the Nokia brand name, which was a huge drag on earnings last year and probably into 2018. Speaking of Xiaomi: I don't imagine the Chinese startup will repeat the standout year it had in 2017. FIH will likely find growth from Xiaomi rivals, but it's going to need Nokia to become successful as soon as possible.

Source: The Star March 09, 2018 06:22 UTC