Nokia Slashes European Smartphone Prices

Nokia logoNokia is still one of the largest makers of mobile phones in the world, but in the all important smartphone and high-end handset market where profits are higher, the company is lacking. Nokia is seeing may users migrate from its smartphones to the iPhone and Android-based smartphones. The results for the company are low profits and sagging stock prices.

One of the ways that Nokia hopes to tempt new customers and keep exiting users from going to other brands is by cutting prices. Two industry sources are saying that Nokia has cut prices of its high-end smartphones in Europe. The sources claim direct knowledge of the pricing and say the cuts will be around 15%. The phones that will see price cuts are reportedly the N8, C7, and E6 devices.

Other devices may see smaller price cuts. One source Reuters cites is at a European telecom operator and the source said, "There are no very big cuts per model, but the scale -- across the portfolio -- is unseen for a very, very long time."

A 15% discount is not that much to an end user and even at the reduced price Nokia will have a hard time competing with the more popular Android and iOS devices on the market. Nokia stock prices tumbled on the news by 2% and Nokia insists that the cuts are "business as usual."

Analyst Carolina Milanesi at Gartner figures Nokia should cut prices on other handsets too. She said, "They should discount older products including the N8, the C7 and the C6, and ship the new ones at a very aggressive price too."

Nokia is not doing well and is looking to the Windows Phone 7 devices coming later this year to save its failing smartphone business. A "super-confidential" Windows Phone from Nokia was leaked late last month giving a glimpse at what Nokia has in store.

Source: DailyTech

Tags: mobile phones, Nokia

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
You can use a security key instead of having a code sent to your phone
 
Adobe says that the AI can now achieve the intended result in seconds
 
A new security protocol replacing the aging WPA2
 
Download and install at your own risk, of course
 
More iPhone parts likely to be produced by Samsung
 
Starting on Friday, video views on YouTube will start to be counted by the Official Charts Company
 
LG has already announced two new V-series members in 2018
 
The method is blocked and the hack doesn’t work, it adds
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
 123456
78910111213
14151617181920
21222324252627
28293031   




Poll

Do you use microSD card with your phone?
or leave your own version in comments (11)