Back when I was a high-school student in this 2017 - 2019 era, HMD released a lot of different devices, including a diverse smartphone portfolio covering every segment imaginable.
What caused them to drop this strategy in such a short time, and went forward with a strategy focusing on affordable smart-and-feature-phones? For example, the 9 PureView was their last flagship released in 2019, and its successor 9.3 PureView never materialized.
I suppose you can blame it on declining sales - from what I could find, HMD’s sales indeed took a nosedive in 2020, but a more concrete answer would be much appreciated here.
It’s very telling that they are moving away from the Nokia brand as well, probably looking to terminate the license agreement to recoup some costs