Nokia finally decides to slash prices of its mobile phones


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Tuesday, 05 July 2011
Finnish mobile giant, Nokia has started dumping prices of its several mobile phones to as much as 15 percent.
Reuters new agency, referring to sources in the industry came up with the news and explain that the reductions follows the spring fall in the global phone market for Nokia, from 39 to 26 percent.


Therefore Nokia in this way is trying to take back some of its lost market share which it believe has been lost to cheaper phone producers.

Nokia shares fell by almost 2 percent after the news. The models affected by the sharpest price cuts are N8, E6 and C7, said the sources.
Nokia said that the adjustments are normal pricing strategies.
By Team

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