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Nokia cuts pricing by up to 10 percent

Posted on Saturday, August 02 2008 @ 19:25:24 CEST by

Reuters writes Nokia is putting pressure on its rivals by cutting prices of some of its phones by 10 percent:
Manufacturers are facing an increasingly intense battle for market share as demand for pricey phones has started to slow in the United States and Europe, where economies are under pressure from the global credit crunch.

Nokia made the steepest price reductions of up to 10 percent for selected music and media phones, while it made smaller cuts across the portfolio, a European telecom industry source said.



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