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Nokia cuts prices to prevent marketshare slide

Posted on Tuesday, July 05 2011 @ 22:13:01 CEST by

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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