karl
July 16th, 2012, 10:57 AM
Nokia forced to cut price of 'flagship' new smartphone by 50% after disastrous sales - as shares plunge to 15-year low
Credit agencies downgrade Nokia shares to 'junk' status
Android phones expected to capture 61% of phone market
Nokia to cut 10,000 jobs
Fight to the Finnish? The Nokia Lumia 900 was meant to be the Finnish phone makers triumphant return to the smartphone market - but Nokia has been forced to cut its price by half just weeks after launch
It was hailed as the phone with which Nokia would finally challenge the dominance of the iPhone and Galaxy S.
But the Finnish phonemaker has been forced to cut the price of its Lumia 900 by half just weeks after launch.
The cost of the Lumia 900 Windows phone in the US has now been reduced to $49.99 from $99 with a two-year contract, Nokia spokesman Keith Nowak said on Sunday.
After being the main player in the mobile market for the best part of a decade, Nokia has failed to produce a smartphone to compete with those from rivals such as Apple, Samsung and HTC.
The company was criticised for being late to embrace smartphones and has been lagging behind ever since. It has also been losing market share in less expensive mobile
See link for full story
Read more: http://www.dailymail.co.uk/sciencetech/article-2174231/Nokia-forced-cut-price-flagship-new-smartphone-50-disastrous-sales--phone-giant-cuts-jobs-shares-plunge.html#ixzz20nl6llpw
Credit agencies downgrade Nokia shares to 'junk' status
Android phones expected to capture 61% of phone market
Nokia to cut 10,000 jobs
Fight to the Finnish? The Nokia Lumia 900 was meant to be the Finnish phone makers triumphant return to the smartphone market - but Nokia has been forced to cut its price by half just weeks after launch
It was hailed as the phone with which Nokia would finally challenge the dominance of the iPhone and Galaxy S.
But the Finnish phonemaker has been forced to cut the price of its Lumia 900 by half just weeks after launch.
The cost of the Lumia 900 Windows phone in the US has now been reduced to $49.99 from $99 with a two-year contract, Nokia spokesman Keith Nowak said on Sunday.
After being the main player in the mobile market for the best part of a decade, Nokia has failed to produce a smartphone to compete with those from rivals such as Apple, Samsung and HTC.
The company was criticised for being late to embrace smartphones and has been lagging behind ever since. It has also been losing market share in less expensive mobile
See link for full story
Read more: http://www.dailymail.co.uk/sciencetech/article-2174231/Nokia-forced-cut-price-flagship-new-smartphone-50-disastrous-sales--phone-giant-cuts-jobs-shares-plunge.html#ixzz20nl6llpw