Nokia cuts prices to prevent marketshare slide

Posted on Tuesday, July 05 2011 @ 22:13 CEST by Thomas De Maesschalck
Reuters reports Nokia has lowered pricing of its smartphones in Europe in an attempt to prevent further marketshare losses:
One of the sources with direct knowledge of Nokia's pricing said the steepest cuts of around 15 percent were on the flagship N8, the multimedia C7 and the business user-targeted E6.

Other price cuts were smaller, both sources said.

"There are no very big cuts per model, but the scale -- across the portfolio -- has not been seen for a very, very long time," said one of the sources, who works at a European telecoms operator.


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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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