WorldWide Tech & Science. Francisco De Jesús.
Nokia cuts in a 15% prices on the flagship N8, the multimedia C7 and the business user-targeted E6, smartphones, in Europe.
A Nokia spokesman declined to comment on specific prices but said the changes were part of its normal business.
In the past, Nokia has cut prices globally across its portfolio once a quarter. But it has not used that tactic for many quarters, instead marking down prices model by model.
"In May, European operators largely rejected the new Nokia models, particularly the E6 and C7," said Tero Kuittinen, analyst with MKM Partners.
"This is now driving panic price cuts for those models but, without operator support, price cuts rarely work."
Source: Reuters
